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Closed

51 School Street, Boston MA 02129

$1,089,500

Estimated $2,486.54/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $544,750

Total Rent: 67800/year

Estimated CAP Rate: 5.43%

3 Bedrooms

2 Full Baths

1,900 SqFt

Total Parking: 0

1,254 SqFt

*BEST VALUE INVESTMENT* in this DETACHED 2-family located in the heart of Charlestown with amazing EXPANSIVE ROOF DECK views of the Bunker Hill Monument. Numerous updates including Composite Roof Deck, New Rubber Roof, New Lochinvar Heating Systems, Oil to Gas Conversion, and New Skylights. Wide pine and oak hardwood with exposed beams bring charm and character. The upper unit is spread over two floors with two bedrooms and one bathroom and features a new kitchen with new cabinets, stainless steel appliances, and quartz countertops. The first-floor unit has one bedroom, one bathroom, and a refurbished kitchen with improved cabinets, new appliances, and quartz countertops. BPDA Approved plans in 2016 to add 3 additional bedrooms. Abundant opportunities: Rent Both Units, Owner-Occupy with Rental Income, or Expand. Set in an ideal location you are only a few blocks to the MBTA's Orange Line, The Monument Restaurant, Zume's Coffee, Whole Foods, The Farmer's Market, and so much more!

This home has been viewed 45 times

Last Checked: May 7th, 2024 at 1:01am (Source: MLS PIN #72983422)

Gross Income: $67,800

Gross Expenses: $8,639

Net Income Calc: $59,161

CAP Rate: 5.43%

Annual Expenses for 51 School Street, Boston MA 02129

Total Gross Expenses (Calculated)$8,639/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,639

Annual Income & Unit Breakdown for 51 School Street, Boston MA 02129

Total Gross Income (Calculated)$67,800

Unit 1

Rental Income$2,550

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$3,100

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water)

General Information for 51 School Street, Boston MA 02129

Listing ID72983422

Property TypeMulti Family

Price$1,089,500 ($573.42/SqFt)

StyleMulti Family

CityBoston

CountySuffolk

MLS AreaCharlestown

Neighborhood(s)

Approximate Living Area Total1,900 SqFt

Approximate Lot Size (Acres)0.03 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone,Brick/Mortar,Irregular

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 51 School Street, Boston MA 02129

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving Area Square Footage Is Approximate

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$63,000

Total Net Income By Broker$63,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation2.5%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 51 School Street, Boston MA 02129

Real Estate Taxes$8,639

Tax Year2022

Assessed Value$794,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$63,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$63,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.43%

Location Information for 51 School Street, Boston MA 02129

Elementary SchoolBps

Middle SchoolBps

High SchoolBps

Neighborhood(s)

MLS AreaCharlestown

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

Contact Information for 51 School Street, Boston MA 02129

Agent

Name: The Madden Team

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 617-926-5280

Team Members

Name: Mark Madden

Phone: 617-448-9481

Payment Calculator

, Interest

Property Taxes 719.92

Principal & Interest 6713.15

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

The Madden Team

Agent Phone

Office Phone

(617) 926-5280

Text Agent Call Agent Call Office

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                )

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                )

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                )

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)

)

EXIT