Cash Cow in one of Boston most coveted street's. A projected 7.5% cap This newly renovated multifamily property offers an outstanding investment opportunity, generating 215k in annual rental income. Each unit has been thoughtfully updated with high-end stainless steel appliances and beautiful white oak floors, showcasing exceptional craftsmanship and modern style. The property is situated in a vibrant neighborhood, providing easy access to shops, cafes, and local amenities making it an ideal choice for both tenants and owners seeking convenience and comfort. With its prime location, quality finishes, and strong income history, this property is a must-see for investors looking for a turn-key asset in a highly desirable area. With beautiful finishes, central air, laundry in unit, and off street parking, the highly coveted apartments offer a rare quality allowing for an amazing rental history. Low expenses & limited management allow excellent cash flow day 1!
— MLSPIN #: 73314900Map of 33 Gerald Rd, Boston, MA 02135
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| List Price: | $2,425,000 |
|---|---|
| Status: | New |
| MLS ID: | 73314900 |
| Town: | Boston |
| Neighborhood: | Brighton |
| County: | Suffolk |
| Zip: | 02135 |
| Property Type: | Residential Income |
| Property Sub Type: | Multi Family |
| Bedrooms: | 11 |
| Full Baths: | 5 |
| Living Area: | 3,900 sqft |
| Acres: | 0.11 |
| Taxes: | 12,558 |
| Parking Features: | Paved Drive |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Window Features: | Insulated Windows |
| Directions: | Right off of Commonwealth Ave |
| Foundation Details: | Concrete Perimeter, Block |
| Postal Code Plus4: | 5106 |
| Listing Contract Date: | 2024-11-21 |
| Garage?: | Yes |
| Lot Size Area: | 0.11 |
| Lot Size Square Feet: | 4,950 |
| Rooms Total: | 17 |
| Bathrooms Total Integer: | 5 |
| Basement: | true |
| Basement: | Full |
| Building Area Source: | Public Records |
| Building Area Total: | 3,900 |
| Community Features: | Public Transportation, Walk/Jog Trails, Laundromat, University |
| Door Features: | Insulated Doors |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 2 |
| Open Parking?: | Yes |
| Parcel Number: | W:22 P:05292 S:000, 1219991 |
| Patio And Porch Features: | Deck |
| Road Frontage Type: | Public |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range |
| Zoning: | R2 |
| Covered Spaces: | 2 |
| Garage Spaces: | 2 |
| Stories Total: | 3 |
| Year Built Source: | Public Records |
| Disclosures: | Broker has ownership interest in property |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $214,800 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Certificate Number: | 000000000141999 |
| Comp Based On: | Gross/Full Sale Price |
| Disclosure: | Yes |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 2 |
| Listing Alert: | No |
| List Price Per Sqft: | $621.79 |
| Page: | 24 |
| Price Per Sqft: | $621.79 |
| Square Feet Disclosures: | Living Area is an esitmate |
| Square Feet Incl Base: | No |
| Net Operating Income: | $214,800 |
| Original List Price: | $2,425,000 |
| Parking Total: | 6 |
| Tax Assessed Value: | $1,152,100 |
| Tax Year: | 2024 |
| Total Actual Rent: | $17,900 |
| Year Built Details: | Actual |
| Bedrms 1: | 5 |
| Bedrms 2: | 6 |
| F Bths 1: | 2 |
| F Bths 2: | 3 |
| Hot Water: | Tank |
| Rent1: | 8,300 |
| Rent2: | 9,600 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 06:04 AM
Property Last Updated: November 21, 2024 04:39 PM
Listing Courtesy of: Riverfront REALTORS®
Listing Agent: Lucas Santos
617-372-5431
