45 Thorndike St, Boston, MA 02118
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$950,000
3 Unit
8 Beds
3 Baths
2628 SQFT
0.03 Acre

Property Description

A three-unit multifamily home in Roxbury. This property must have all three units rented under the BPDA/BRA Inclusionary Development Policy (IDP). The units cannot be owner-occupied, and renters must be approved through a BPDA lottery conducted after the sale of the building. Unit 1 is a two-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,033. Unit 2 is a three-bedroom unit eligible for rental at 60% AMI, with a current maximum rent of $1,678, and is currently rented at $1,600 per month. Unit 3 is a three-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,280. The property is listed below market value, and rental restrictions are in effect until July 31, 2038.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3

Financial

  • APOD Available: No
  • Gross Operating Income: 19200
  • Net Operating Income: 19200

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73306187
  • Last Updated: 11/21/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/21/2024Contingent$950,000$361MLSPIN
11/16/2024Active$950,000$361MLSPIN
11/12/2024Price Change$950,000$361MLSPIN
10/28/2024Active$1,200,000$457MLSPIN
10/24/2024New$1,200,000$457MLSPIN

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Seller's Representative: Ricardo Rodriguez & Associates Group, Coldwell Banker Realty - Boston
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-21 16:38:00

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