A three-unit multifamily home in Roxbury. This property must have all three units rented under the BPDA/BRA Inclusionary Development Policy (IDP). The units cannot be owner-occupied, and renters must be approved through a BPDA lottery conducted after the sale of the building. Unit 1 is a two-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,033. Unit 2 is a three-bedroom unit eligible for rental at 60% AMI, with a current maximum rent of $1,678, and is currently rented at $1,600 per month. Unit 3 is a three-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,280. The property is listed below market value, and rental restrictions are in effect until July 31, 2038.
— MLSPIN #: 73306187Map of 45 Thorndike St, Boston, MA 02118
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| List Price: | $950,000 |
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| Status: | Contingent |
| MLS ID: | 73306187 |
| Town: | Boston |
| Neighborhood: | Roxbury |
| County: | Suffolk |
| Zip: | 02118 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 8 |
| Full Baths: | 3 |
| Living Area: | 2,628 sqft |
| Acres: | 0.03 |
| Taxes: | 3,849 |
| Lot Features: | Other |
| Parking Features: | On Street |
| Status: | Active Under Contract |
| Water Source: | Public |
| Year Built: | 1900 |
| Directions: | Off of Harrison Avenue. |
| Foundation Details: | Other |
| Postal Code Plus4: | 3232 |
| Listing Contract Date: | 2024-10-24 |
| Lot Size Area: | 0.03 |
| Lot Size Square Feet: | 1,100 |
| Rooms Total: | 13 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 2,628 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | W:08 P:01977 S:000, 3392281 |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range |
| Zoning: | R3 |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | All 3 units must be rented via the BPDA/MOH lottery program. Unit 2 is rented for $1, 600 a month. See attachments and Firm Remarks. Attached addendum and lead paint must be in offers. Taxes are $3, 848.86 for year. Tax based on FY25 estimate without residential exemption. Buyer(s) to do due diligence |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $19,200 |
| Listing Agreement: | Exclusive Right To Sell |
| Anticipated Sold Date: | 2025-01-09T05:00:00.000Z |
| Apod Available: | No |
| Certificate Number: | 000000115991 |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | Yes |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Lead Paint: | Yes |
| Lease 1: | No |
| Lease 2: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $361.49 |
| Page: | 113 |
| Price Per Sqft: | $361.49 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Net Operating Income: | $19,200 |
| Original List Price: | $1,200,000 |
| Tax Assessed Value: | $350,600 |
| Tax Year: | 2025 |
| Total Actual Rent: | $1,600 |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 3 |
| Bedrms 3: | 3 |
| F Bths 1: | 2 |
| F Bths 2: | 3 |
| F Bths 3: | 3 |
| Rent2: | 1,600 |
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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 24, 2024 04:20 AM
Property Last Updated: November 21, 2024 04:39 PM
Listing Courtesy of: Coldwell Banker Realty - Boston
Listing Agent: Ricardo Rodriguez & Associates Group
617-823-0072
