Unit Information
83 Summit Street consists of a two-story building containing two (2) 1-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1 Bathroom with 2,438 square feet of gross living area in 3,957 total gross square feet. The Property is situated upon a 0.33-acre parcel on a corner lot with eight (8) off-street parking spaces for residents. Numerous capital improvements have been completed under current ownership. Upgrades include new kitchens and bathrooms in 2 of 4 units, newer roof, siding and water heaters on an as needed basis. The Property is separately metered for electricity and hot water which the tenants pay directly. The Landlord is responsible for oil-fired heat, and domestic water and sewer. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
- Additional Details
- Status: NEW
- Type: Multi-Family, 4 Family
- Zip Code: 02370
- Levels: 4
- Parking
- Parking: Off Street
- Parking Spaces: 8
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 4
- Total Rooms: 12
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$850,000
- Status: New
- Listing ID: 73436893
- Bedrooms: 6
- Full Baths: 4
- Living Area: 2,438 sqft Convert
- Lot Size: 14,374 sqft Convert
- Acres: 0.33
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |