362-364 W 4th Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location. The property, which can be acquired at a 5.5% cap rate, consists of an extensively renovated three-story building containing five units with two (2) 5 Bedroom/2-Bathroom units, two (2) duplex 3-Bedroom Units (one with 3 bathrooms and one with 2.5 bathrooms) and one (1) 1-Bedroom/1-Bathroom unit with 8,635 square feet of living area in 9,798 gross square feet on a 0.06-acre parcel. With $300,000 in Gross Income, The Property is fully leased (with all units rented until 8/31/23) and features condo quality finishes including new kitchens with modern amenities (stainless steel appliances, dishwashers, granite or quartz countertops), in-unit laundry, new, Navien heating systems(all units), central air conditioning systems in units 1 and 5 (Duplex Units) as well as Navien, tankless hot water systems. 4 garage parking spaces included in adjacent building.
This home has been viewed 65 times
Last Checked: May 6th, 2024 at 11:25pm (Source: MLS PIN #73035696)
Gross Income: $234,000
Gross Expenses: $24,541
Net Income Calc: $209,459
Annual Expenses for 362-364 W 4th St, Boston MA 02127
Total Gross Expenses (Calculated)$24,541/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax24541
Annual Income & Unit Breakdown for 362-364 W 4th St, Boston MA 02127
Total Gross Income (Calculated)$234,000
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms3 Full
Floor1
Levels in Unit2
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms5
Bathrooms2 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms5
Bathrooms2 Full
Floor3
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor4
Levels in Unit1
Rent Includes
General Information for 362-364 W 4th St, Boston MA 02127
Listing ID73035696
Property TypeMulti Family / 5+ Family
Price4500000 ($521.13/SqFt)
Style5-9 Family
CityBoston
CountySuffolk
MLS AreaSouth Boston
Neighborhood(s)
Approximate Living Area Total8635
Approximate Lot Size (Acres)0.06
Total Parking4
Garage Parking0
Year Built1899
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningR4
Water Views
Water Views Features
Waterfront FeaturesRiver
Terms
Disclosures for 362-364 W 4th St, Boston MA 02127
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsTenants Personal Belongings.
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation1.75
Facilitator Compensation0
Sub-Agent Compensation0
Compensation Based OnGross/full Sale Price
Financial Information for 362-364 W 4th St, Boston MA 02127
Real Estate Taxes24541
Tax Year2022
Assessed Value$2,255,600
Financial Data Source
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 362-364 W 4th St, Boston MA 02127
Neighborhood(s)
MLS AreaSouth Boston
Area AmenitiesWalk/jog Trails
Contact Information for 362-364 W 4th St, Boston MA 02127