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Canceled

16-18 Fernboro St, Boston MA 02121

$3,295,000

Estimated $5,944.66/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $549,166.67

Total Rent: 291600/year

Estimated CAP Rate: 8.63%

26 Bedrooms

13 Full Baths

8,560 SqFt

Total Parking: 10

5,662 SqFt

Introducing an incredible investment opportunity! This recently renovated Dorchester deal is delivering dollars daily. All new siding and windows throughout entire property. All units have brand new heating systems, tankless on-demand hot water heaters, updated electrical service and panels and have been gut renovated down to the studs. Sleek stainless steel appliances, beautiful backsplash and gorgeous granite and quartz countertops throughout each unit. All units have 2 bathrooms, 2 decks (front and rear) and come with 2 dedicated off street parking.

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 1:51am (Source: MLS PIN #73076830)

Gross Income: $291,600

Gross Expenses: $7,222

Net Income Calc: $284,378

CAP Rate: 8.63%

Annual Expenses for 16-18 Fernboro St, Boston MA 02121

Total Gross Expenses (Calculated)$7,222/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,222

Annual Income & Unit Breakdown for 16-18 Fernboro St, Boston MA 02121

Total Gross Income (Calculated)$291,600

Unit 1

Rental Income$5,400

LeaseY

Bedrooms4

Bathrooms4 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$6,750

LeaseY

Bedrooms5

Bathrooms5 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$6,750

LeaseY

Bedrooms5

Bathrooms5 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$5,400

Lease

Bedrooms4

Bathrooms4 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 16-18 Fernboro St, Boston MA 02121

Listing ID73076830

Property TypeMulti Family

Price$3,295,000 ($384.93/SqFt)

Style5+ Family - Rooming House

CityBoston

CountySuffolk

MLS AreaDorchester

Neighborhood(s)

Approximate Living Area Total8,560 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking10

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16-18 Fernboro St, Boston MA 02121

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosureliving area measured after renovations complete

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$356,400

Total Net Income By Broker$356,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation1

Compensation Based OnNet Sale Price

Financial Information for 16-18 Fernboro St, Boston MA 02121

Real Estate Taxes$7,222

Tax Year2022

Assessed Value$663,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$356,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$356,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.63%

Location Information for 16-18 Fernboro St, Boston MA 02121

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDorchester

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, T-station, Private School, University, Other

Contact Information for 16-18 Fernboro St, Boston MA 02121

Agent

Name: Closing Table Group

Office

Name: Coldwell Banker Realty - Boston

Phone: 617-266-4430

Team Members

Name: Elizabeth Errichetto

Phone: 781-241-5947

Payment Calculator

, Interest

Property Taxes 601.83

Principal & Interest 20302.74

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Boston

Closing Table Group

Agent Phone

Office Phone

(617) 266-4430

Text Agent Call Agent Call Office

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        )

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EXIT

Canceled

16-18 Fernboro St, Boston MA 02121

$3,295,000

Annual Expenses for 16-18 Fernboro St, Boston MA 02121

Annual Income & Unit Breakdown for 16-18 Fernboro St, Boston MA 02121

General Information for 16-18 Fernboro St, Boston MA 02121

Disclosures for 16-18 Fernboro St, Boston MA 02121

Financial Information for 16-18 Fernboro St, Boston MA 02121

Location Information for 16-18 Fernboro St, Boston MA 02121

Contact Information for 16-18 Fernboro St, Boston MA 02121

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Boston

Closing Table Group