A rare opportunity for investors! Renovated 5 unit turn-key investment property w/incredible cash flow on historic Beacon Hill. This handsome building has an established and extremely strong rental history. Currently configured as (5) short-term rental ( or extended stay) ...
This home has been viewed 15 times
Last Checked: May 7th, 2024 at 6:31am (Source: MLS PIN #73097980)
Gross Income: $177,600
Gross Expenses: $15,081
Net Income Calc: $162,519
CAP Rate: 5.43%
Annual Expenses for 16 Irving Street, Boston MA 02114
Total Gross Expenses (Calculated)$15,081/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance$2,761
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,320
Annual Income & Unit Breakdown for 16 Irving Street, Boston MA 02114
Total Gross Income (Calculated)$177,600
Unit 1
Rental Income$2,950
LeaseY
Bedrooms1
Bathrooms1 Full
Floor0
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$3,950
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income$3,950
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit0
HeatingYes
Rent Includes
Unit 4
Rental Income$3,950
LeaseY
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent Includes
General Information for 16 Irving Street, Boston MA 02114
Listing ID73097980
Property TypeMulti Family
Price$2,995,000 ($974.3/SqFt)
Style5+ Family - 5+ Units Up/down
CityBoston
CountySuffolk
MLS AreaBeacon Hill
Neighborhood(s)
Approximate Living Area Total3,074 SqFt
Approximate Lot Size (Acres)0.02 acres
Total Parking0
Garage Parking
Year Built1870
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsBrick
Lot FeaturesOther
Foundation Area770
Foundation DescriptionGranite
Accessible Features
Outdoor Space
Zoningre
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 16 Irving Street, Boston MA 02114
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceTax Return
Total Gross Expenses By Broker$12,636
Total Gross Income By Broker$225,000
Total Net Income By Broker$222,239
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 16 Irving Street, Boston MA 02114
Real Estate Taxes$12,320
Tax Year2022
Assessed Value$1,122,200
Financial Data SourceTax Return
Total Gross Expenses By Broker$12,636
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$225,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$222,239
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.43%
Location Information for 16 Irving Street, Boston MA 02114
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaBeacon Hill
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University
Contact Information for 16 Irving Street, Boston MA 02114