Unit Information
MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.
- Additional Details
- Status: ACT
- Type: Multi-Family, 4 Family - 4 Units Up/Down
- Zip Code: 01902
- Living Levels: 3
- Selling Broker Compensation: 1
- Buying Broker Compensation: 1.5
- Parking
- Parking Spaces: 4
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 3
- Total Rooms: 18
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$1,700,000
- Listing ID: 73222386
- Bedrooms: 9
- Full Baths: 4
- Living Area: 4,131 sqft Convert
- Lot Size: 5,000 sqft Convert
- Acres: 0.11
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |