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Canceled

3110 Washington Street, Boston MA 02119

$1,625,000

Estimated $3,419.19/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $406,250

Total Rent: 116136/year

Estimated CAP Rate: 5.82%

8 Bedrooms

2 Full, 2 Half Baths

4,280 SqFt

Total Parking: 0

3,346 SqFt

6.2 CAP! Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding 4 unit property is fully leased and features two commercial spaces on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second and third floors. Net income eclipses $100,000 annually. The commercial units are occupied by a barber shop and a Boost Mobile and are on leases ending August 2024 and December 2026 respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens with stainless appliances and granite counters, tile baths, central A/C, in-unit laundry and rear decks. They are both on lease to 8/31/23. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0.

This home has been viewed 42 times

Last Checked: May 6th, 2024 at 11:30pm (Source: MLS PIN #73039510)

Gross Income: $116,136

Gross Expenses: $21,638

Net Income Calc: $94,498

CAP Rate: 5.82%

Annual Expenses for 3110 Washington Street, Boston MA 02119

Total Gross Expenses (Calculated)$21,638/year

APOD AvailableYes

Heating

Electricity$500

Water$3,960

Gas$3,960

Insurance$2,397

Sewer$3,960

Trash Removal

Repair & Maintenance$4,620

Management

Miscellaneous$750

Real Estate Tax$9,411.07

Annual Income & Unit Breakdown for 3110 Washington Street, Boston MA 02119

Total Gross Income (Calculated)$116,136

Unit 1

Rental Income$2,103

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,830

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,995

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$2,750

LeaseY

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 3110 Washington Street, Boston MA 02119

Listing ID73039510

Property TypeMulti Family / 4 Family

Price$1,625,000 ($379.67/SqFt)

Style4 Family

CityBoston

CountySuffolk

MLS AreaJamaica Plain

Neighborhood(s)

Approximate Living Area Total4,280 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking0

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesWooded

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningNS

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 3110 Washington Street, Boston MA 02119

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$21,639

Total Gross Income By Broker$116,143

Total Net Income By Broker$94,504

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.25

Facilitator Compensation2.25

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 3110 Washington Street, Boston MA 02119

Real Estate Taxes$9,411.07

Tax Year2022

Assessed Value$508,700

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$21,639

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$116,143

BostonRealEstate.com Gross Income

Total Net Income By Broker$94,504

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.82%

Location Information for 3110 Washington Street, Boston MA 02119

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaJamaica Plain

Area AmenitiesWalk/jog Trails, Conservation Area, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s)

Contact Information for 3110 Washington Street, Boston MA 02119

Agent

Name: The Residential Group

Office

Name: William Raveis R.E. & Home Services

Phone: 617-426-8333

Team Members

Name: Michael Dorion

Phone: 617-470-4930

Payment Calculator

, Interest

Property Taxes 784.26

Principal & Interest 10012.73

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group

Agent Phone

Office Phone

(617) 426-8333

Text Agent Call Agent Call Office

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                    [url] => https://media.mlspin.com/photo.aspx?mls=73039510&w=1024&h=768&n=18
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                    [created] => 2024-05-06 23:31:01
                    [modified] => 2024-05-06 23:31:01
                )

)

)

EXIT

Canceled

3110 Washington Street, Boston MA 02119

$1,625,000

Annual Expenses for 3110 Washington Street, Boston MA 02119

Annual Income & Unit Breakdown for 3110 Washington Street, Boston MA 02119

General Information for 3110 Washington Street, Boston MA 02119

Disclosures for 3110 Washington Street, Boston MA 02119

Financial Information for 3110 Washington Street, Boston MA 02119

Location Information for 3110 Washington Street, Boston MA 02119

Contact Information for 3110 Washington Street, Boston MA 02119

Agent

Office

Team Members

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Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group