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175 Florence Street

Boston, MA 02131
  • $1,395,000
  • STATUS: Active
  • MLS #: 73002876
$1,395,000
  • 8
    BEDS
  • 0.13
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,080
    SQFT
  • $453
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

Listing courtesy of Steven Musto of Insight Realty Group, Inc..

Description

ATTENTION INVESTORS: STUNNING, NICELY UPDATED 4-UNIT BUILDING IN A TOP ROSLINDALE VILLAGE LOCATION!!! THIS BUILDING IS A CASH COW AND TURNKEY FOR THE NEXT OWNER. MANY RECENT UPDATES: NEW ROOF, NEW HIGH-EFFICIENCY GAS BOILER, NEW APPLIANCES & GRANITE COUNTERS IN THE KITCHENS, LEAD INSPECTION COMPLIANCE LETTERS IN HAND, 4 CAR GARAGE + OFF-STREET PARKING & REAR PORCHES! THIS IS A GREAT TROPHY BUILDING THAT OFFERS A TOP LOCATION NEAR ROSLINDALE VILLAGE AND THE COMMUTER TRAIN TO BOSTON!!! UNIT MIX IS (4) 2-BEDROOM APARTMENTS WITH 4 FULL BATHS. INCOME IS $111,240/YEAR WITH EXPENSES OF $27,067. THE NOI IS $84,173. THE ESTIMATED CAP RATE IS 6%. THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD. THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-07-04T00:08:20.467.
www.gillachgroup.com/homes/130166144
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175 Florence Street Boston, MA 02131

  • Price: $1,395,000
  • Status: Active
  • On Site: Days
  • MLS #: 73002876
8
Beds
4
Baths
0
½ Baths
0.13
Acres
3,080
SQFT
$453
$/SQFT
1970
Built
Neighborhood:
Roslindale
County:
Suffolk
Area:
Roslindale
Property Description
ATTENTION INVESTORS: STUNNING, NICELY UPDATED 4-UNIT BUILDING IN A TOP ROSLINDALE VILLAGE LOCATION!!! THIS BUILDING IS A CASH COW AND TURNKEY FOR THE NEXT OWNER. MANY RECENT UPDATES: NEW ROOF, NEW HIGH-EFFICIENCY GAS BOILER, NEW APPLIANCES & GRANITE COUNTERS IN THE KITCHENS, LEAD INSPECTION COMPLIANCE LETTERS IN HAND, 4 CAR GARAGE + OFF-STREET PARKING & REAR PORCHES! THIS IS A GREAT TROPHY BUILDING THAT OFFERS A TOP LOCATION NEAR ROSLINDALE VILLAGE AND THE COMMUTER TRAIN TO BOSTON!!! UNIT MIX IS (4) 2-BEDROOM APARTMENTS WITH 4 FULL BATHS. INCOME IS $111,240/YEAR WITH EXPENSES OF $27,067. THE NOI IS $84,173. THE ESTIMATED CAP RATE IS 6%. THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD. THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!
Exterior Features

Beachfront No Color Brick/Tan Construction Frame Exterior Vinyl Exterior Features Porch Foundation Other (See Remarks) Lot Description CornerPaved Drive Parking Features Off-Street Parking Spaces 8 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

Interior Features

Basement Yes Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring Wood Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Levels 2 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 16 Rooms Unit1 4 Rooms Unit2 4 Rooms Unit3 4 Rooms Unit4 4

Property Features

Amenities Public TransportationShoppingSwimming PoolTennis CourtParkWalk/Jog TrailsLaundromatBike PathConservation AreaHighway AccessT-Station Apod Available Yes Assessments 702500.00 Disclosure No Expenses Source Pro. Forma Available Gross Operating Income 111240 Lead Paint Certified Treated Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lease Unit4 Y Lender Owned No Multifamily Type 4 Family Net Operating Income 84173 Rent Unit1 2400 Rent Unit2 2300 Rent Unit3 2300 Rent Unit4 2270 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2022 Taxes 7708.75 Water City/Town Water Year Built Description Approximate Year Built Source Public Record Year Round Yes Zoning 2F-5000

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Steven Musto of Insight Realty Group, Inc..


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-07-04T00:08:20.467.
 
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The Gillach Group | William Raveis Real Estate
191 Grove Street
Chestnut Hill MA, 02467
Listing courtesy of Steven Musto of Insight Realty Group, Inc..