Gourgeous mulifamily in Prime Location right on Commionwealth ave in Brighton!!!Rare Opportunity for a developer and savvy investor! Mixed Use Property -- just approved by ZBA to convert to 6 residential units.Currently, Property is 3 Residential: 1) 4bd/2bath + 2) 3bd/1ba - No Changes needed, each have separate entrances, 3) 1bd/1ba.ZBA approval to convert 7 existing offices + 1bd to additional 4 Units. ZBA approved for 4 parkings spots. There is also a self-standing garage. Room for additional parking (currently, 10 cars fit).Approved Plans ?attached.Recent Capital Improvements: New ?Designer Siding done in 2023 (vinyl shingles).Property has been well maintained by non-corporate owner.Ideal location. Close to Boston University, Boston College, steps to Cleveland Circle and St. Elizabeth Hospital, 5 min to MassPike.Incredible opportunity to own a Multi-Family house with substantial post-construction income upside.
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Last Checked: April 29th, 2024 at 4:37am (Source: MLS PIN #73227694)
Gross Income: $130,800
Gross Expenses: $25,980
Net Income Calc: $104,820
Water Views
Annual Expenses for 1853 Commonwealth Ave, Boston MA 02135
Total Gross Expenses (Calculated)$25,980/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax15427.86
Annual Income & Unit Breakdown for 1853 Commonwealth Ave, Boston MA 02135
Total Gross Income (Calculated)$130,800
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit0
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit0
Rent Includes
Unit 4
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit0
Rent Includes
General Information for 1853 Commonwealth Ave, Boston MA 02135
Listing ID73227694
Property TypeMulti Family / 5+ Family
Price2600000 ($524.51/SqFt)
Style5-9 Family
CityBoston
CountySuffolk
MLS AreaBrighton
Neighborhood(s)
Approximate Living Area Total4957
Approximate Lot Size (Acres)0.13
Total Parking10 (2 Garage)
Garage Parking2
Year Built1910
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningRC
Water ViewsNo
Water Views Features
Waterfront Features
Terms
Disclosures for 1853 Commonwealth Ave, Boston MA 02135
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsBar Top In Shed Is Custom And Is Not Included
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation1
Facilitator Compensation0
Compensation Based OnGross/full Sale Price
Financial Information for 1853 Commonwealth Ave, Boston MA 02135
Real Estate Taxes15427.86
Tax Year2024
Assessed Value$1,415,400
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 1853 Commonwealth Ave, Boston MA 02135
Neighborhood(s)
MLS AreaBrighton
Area AmenitiesWalk/jog Trails
Contact Information for 1853 Commonwealth Ave, Boston MA 02135