Young mixed-use property situated in a highly desirable location on Adams St, with bus #201 located across the street. Roughly 12-mins walk to Fields Corner T-station, and only minutes to the highway, South Bay Plaza, Umass Boston, Castle Island, and all area amenities. Property was newly constructed in 2020 with high-end finishes, separate utilities, sprinkler system, high ceiling, central AC, Ruud & Navien systems, and Juliet balconies. The 1st floor is roughly 1,300sf of commercial space with a finished basement, full bathroom, and 1-car garage. The 2 upper residential units offer an open floor plan, contemporary finishes, recessed lighting, Luxury Vinyl Plank flooring thruout, in-unit mechanicals & laundry. Clean and bright kitchens with white Shaker cabinetry, granite countertop, stainless steel appliances, and large island. Each residential unit offers 2 spacious bedrooms with 2 modernized full bathrooms. This mixed-use type of property is a rare find in Boston, so don't miss out
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Last Checked: October 7th, 2024 at 4:24pm (Source: MLS PIN #73218980)
Gross Income: $85,920
Gross Expenses: $8,885
Net Income Calc: $77,035
CAP Rate: 5.14%
Annual Expenses for 411 Adams St, Boston MA 02122
Total Gross Expenses (Calculated)$8,885/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$8,885.11
Annual Income & Unit Breakdown for 411 Adams St, Boston MA 02122
Total Gross Income (Calculated)$85,920
Unit 1
Rental Income$2,500
LeaseN
Bedrooms0
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingYes
Rent IncludesUnit 2(water), Unit 3(water)
Unit 2
Rental Income$2,260
LeaseN
Bedrooms2
Bathrooms2 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 2(water), Unit 3(water)
Unit 3
Rental Income$2,400
LeaseN
Bedrooms2
Bathrooms2 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 2(water), Unit 3(water)
General Information for 411 Adams St, Boston MA 02122
Listing ID73218980
Property TypeMulti Family / 3 Family
Price$1,500,000 ($416.67/SqFt)
Style3 Family
CityBoston
CountySuffolk
MLS AreaDorchester
Neighborhood(s)
Approximate Living Area Total3,600 SqFt
Approximate Lot Size (Acres)0.04 acres
Total Parking2 (1 Garage)
Garage Parking1 / Detached
Year Built2020
Year Built SourceBuilder
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningRC
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesNo
Energy Features
Terms
Disclosures for 411 Adams St, Boston MA 02122
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureLiving area is approximate; includes 2 residential
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceNo
Total Gross Expenses By Broker$0
Total Gross Income By Broker$90,000
Total Net Income By Broker$90,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 411 Adams St, Boston MA 02122
Real Estate Taxes$8,885.11
Tax Year2024
Assessed Value$584,800
Financial Data SourceNo
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$90,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$90,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.14%
Location Information for 411 Adams St, Boston MA 02122
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaDorchester
Area AmenitiesHighway Access, Public School, Shopping, Public Transportation, T-station, University, Sidewalks
Contact Information for 411 Adams St, Boston MA 02122