Unit Information
Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Pro-Forma upon request.
- Additional Details
- Status: PCG
- Type: Multi-Family, 4 Family
- Area: Jamaica Plain
- Zip Code: 02119
- Living Levels: 7
- Selling Broker Compensation: 2.25
- Buying Broker Compensation: 2.25
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 7
- Total Rooms: 14
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$1,599,000
- Status: Price Change
- Listing ID: 73218226
- Bedrooms: 8
- Full Baths: 2
- Half Baths: 2
- Living Area: 4,280 sqft Convert
- Lot Size: 3,346 sqft Convert
- Acres: 0.08
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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 | |