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. Unit 4 is currently vacant. 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: ACT
- Type: Multi-Family, 4 Family
- Zip Code: 02370
- Levels: 4
- Parking
- Garage Capacity: 8
- Parking: Off Street
- Parking Spaces: 8
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 4
- Total Rooms: 12
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$850,000
- Listing ID: 73436893
- Bedrooms: 6
- Full Baths: 4
- Living Area: 2,438 sqft Convert
- Lot Size: 14,374 sqft Convert
- Acres: 0.33
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 | |