Unit Information
This is it! Built in 2007, this Jamaica Plain 2 Family is a rare MONEY MAKER. Containing 2 side by side units and a lot of expansion/value add potential. The larger right side unit contains 12 bedrooms, 3 bathrooms with a monthly income of $13,400. Left side unit is a 3 Bed, 1 bathroom apartment rented under market to BHA for $3,745/month. Unit(s) can be delivered vacant for the right offer. Huge high ceiling basement with interior and walk-out access ideal for ADU ideas. Current owner has development plans available (Not Approved or Permitted) for potential 6 units development of existing footprint, or knock down and rebuild new both a 3-family and a 2-family. Or develop by-right 2 side-by-side townhouses. Or sit back and collect the $17k monthly income and %8+ Cap Rate. Building is professionally managed and the property manager is willing to stay on. Great location in the desirable Woodbourne section of JP and close to Forest Hills T Station. Pro forma available by request.
- Additional Details
- Status: NEW
- Type: Multi-Family, 2 Family - 2 Units Side by Side
- Area: Jamaica Plain's Forest Hills
- Zip Code: 02130
- Levels: 3
- Parking
- Garage Capacity: 6
- Parking: Paved Drive, Off Street, Paved
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 2
- Total Floors: 3
- Total Rooms: 20
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$1,599,000
- Status: New
- Listing ID: 73478577
- Bedrooms: 15
- Full Baths: 4
- Living Area: 6,939 sqft Convert
- Lot Size: 8,794 sqft Convert
- Acres: 0.2
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 | |