$2,050,000
$2,150,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
6 Baths
3,606 SqFt
SOLD DATE : 10/08/2024
Key Details
Sold Price $2,050,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,606 sqft
Price per Sqft $568
MLS Listing ID 73284362
Sold Date 10/08/24
Bedrooms 11
Full Baths 6
Year Built 1905
Annual Tax Amount $16,532
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Fully leased & recently renovated rental machine in ultra-convenient JP location! Want income from day 1? Mangiacotti Development long-term rental property is proudly offered for sale and is a turn-key investment. Bought in '11 & mostly gut renovated, with additional updates this summer. Rubber roof, Hardie siding, Azek trim, TimberTech railing systems. Gas combo boilers, + updated 200A electrical, plumbing, kitchens & baths. 2024 new windows, floors, full interior paint, bathroom updates. 2 sets of free laundry in basement, private storage rooms, front & back decks. All 3 units are leased until 8/31/25. Current monthly income = $12,220 (+room to grow next year). Low expenses & minimal maintenance. Close to Forest Hills for commuting. Building delivered with all leases & tenants in place; strong rental history since 2011. Ideal for 1031 investor, 5.5+% Cap rate.
Location
State MA
County Suffolk
Area Jamaica Plain
Zoning 3F
Direction Dead-end off Hyde Park Ave; close to Forest Hills T / Bus Station.
Rooms
Basement Full, Walk-Out Access, Interior Entry, Concrete
Interior
Interior Features Ceiling Fan(s), Storage, Crown Molding, Stone/Granite/Solid Counters, Upgraded Countertops, Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floorplan, Remodeled, Upgraded Cabinets, Pantry, Living Room, Kitchen, Mudroom, Dining Room
Heating Baseboard, Natural Gas, Wall Unit
Cooling Window Unit(s)
Flooring Hardwood
Appliance Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Exterior
Exterior Feature Balcony/Deck, Garden
Fence Fenced
Community Features Public Transportation, Park, Walk/Jog Trails, Bike Path, T-Station
Utilities Available for Gas Range
Roof Type Rubber
Garage No
Building
Lot Description Level
Story 6
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Christian Iantosca Team • Arborview Realty Inc.