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25 Melrose Street, Boston MA 02116

$2,125,000

Estimated $4,438/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $531,250

Total Rent: 133980/year

Estimated CAP Rate:

3 Bedrooms

Baths

2500

Total Parking: 0

901 (0.02)

Impressive 4-family opportunity uniquely positioned between Boston Common, South End and The Copley Plaza in Historic Bay Village. The fully occupied brick row house features three 1-bedroom and one studio apartments with opportunity for rent increases and additional development. The first and lower level units have been newly renovated with modern kitchen and baths, featuring stainless steel appliances, recessed lighting, mini split systems, and in-unit laundry. The second and third floor 1-bedroom units are well maintained with spacious bedrooms and living spaces, hardwood floors, natural light, a wood deck and detailed finishes. 25 Melrose boasts an impressive leasing history; tenants enjoy easy access to Tufts, Back Bay and Arlington MBTA stops, I-90 and I-93. All units are leased through August 31st, 2023. Heat and hot water are included in rent, electricity is separately metered. This is an incredible investment opportunity in the Boston market.

This home has been viewed 84 times

Last Checked: May 7th, 2024 at 3:46am (Source: MLS PIN #73040987)

Gross Income: $133,980

Gross Expenses: $11,906

Net Income Calc: $122,074

Annual Expenses for 25 Melrose Street, Boston MA 02116

Total Gross Expenses (Calculated)$11,906/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11906

Annual Income & Unit Breakdown for 25 Melrose Street, Boston MA 02116

Total Gross Income (Calculated)$133,980

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor0

Levels in Unit1

Rent Includes

General Information for 25 Melrose Street, Boston MA 02116

Listing ID73040987

Property TypeMulti Family / 4 Family

Price2125000 ($850/SqFt)

Style4 Family

CityBoston

CountySuffolk

MLS AreaBay Village

Neighborhood(s)

Approximate Living Area Total2500

Approximate Lot Size (Acres)0.02

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRES

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 25 Melrose Street, Boston MA 02116

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

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 Compensation2.5%

Facilitator Compensation2.5%

Compensation Based OnGross/full Sale Price

Financial Information for 25 Melrose Street, Boston MA 02116

Real Estate Taxes11906

Tax Year2022

Assessed Value$1,094,300

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 25 Melrose Street, Boston MA 02116

Neighborhood(s)

MLS AreaBay Village

Area AmenitiesWalk/jog Trails

Contact Information for 25 Melrose Street, Boston MA 02116

Agent

Name: William Senne

Office

Name: Senne

Phone: 617-314-9400

Payment Calculator

, Interest

Property Taxes 992.17

Principal & Interest 13093.57

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Senne

William Senne

Agent Phone

Office Phone

(617) 314-9400

Text Agent Call Agent Call Office

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EXIT

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Closed

25 Melrose Street, Boston MA 02116

$2,125,000

Annual Expenses for 25 Melrose Street, Boston MA 02116

Annual Income & Unit Breakdown for 25 Melrose Street, Boston MA 02116

General Information for 25 Melrose Street, Boston MA 02116

Disclosures for 25 Melrose Street, Boston MA 02116

Financial Information for 25 Melrose Street, Boston MA 02116

Location Information for 25 Melrose Street, Boston MA 02116

Contact Information for 25 Melrose Street, Boston MA 02116

Agent

Office

Payment Calculator

Exclusive Listing Agent

Senne

William Senne