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Expired

29 Ridgewood St, Boston MA 02122

$1,364,000

Estimated $3,288.22/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $454,666.67

Total Rent: 126000/year

Estimated CAP Rate: 7.88%

13 Bedrooms

3 Full Baths

3,906 SqFt

Total Parking: 5 (2 Garage)

3,969 SqFt

Rare opportunity to own this CASH COW ! Massive three family with 13 Bedrooms. Currently 7% CAP rate with a lot of upward potential. All three units deleaded. Currently is rented well under market. Current BHA Pay standard is $11,175/month. Leases expire August 31. Four bedrooms on 1st and 3rd floors. 5 Bdr on the second floor. Tenants pay all utilities. Perfect for 1031 exchange, long term rental income, owner occupant or condo conversion. All units are sunny, bright, have front and back porches and recently renovated with granite kitchens, tiled bathrooms. All utilities are split. The TPO roof is 5 yo. Two oil tanks changed within last 2 years, the third is about 8yo. New water tanks. Some appliances are brand new. Large 2 car garage and parking in the back. Additional income from parking is $120/month. Less than 1/2 mile to Red Line. Many bus routes, easy access to highways, South Bay Center, Downtown and all area amenities. Very close to UMASS

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 7:36am (Source: MLS PIN #73100700)

Gross Income: $126,000

Gross Expenses: $18,483

Net Income Calc: $107,517

CAP Rate: 7.88%

Beach Front

Annual Expenses for 29 Ridgewood St, Boston MA 02122

Total Gross Expenses (Calculated)$18,483/year

APOD AvailableYes

Heating

Electricity$345

Water$2,284

Gas$2,284

Insurance$2,936

Sewer$2,284

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,918

Annual Income & Unit Breakdown for 29 Ridgewood St, Boston MA 02122

Total Gross Income (Calculated)$126,000

Unit 1

Rental Income$3,350

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water)

Unit 2

Rental Income$3,800

LeaseY

Bedrooms5

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water)

Unit 3

Rental Income$3,350

LeaseY

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water)

General Information for 29 Ridgewood St, Boston MA 02122

Listing ID73100700

Property TypeMulti Family / 3 Family

Price$1,364,000 ($349.21/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

MLS AreaDorchester's Fields Corner

Neighborhood(s)

Approximate Living Area Total3,906 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking5 (2 Garage)

Garage Parking2 / Detached

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, 3/10 To 1/2 Mile To Beach

Energy Features

Terms

Disclosures for 29 Ridgewood St, Boston MA 02122

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$16,876

Total Gross Income By Broker$110,590

Total Net Income By Broker$93,713

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 29 Ridgewood St, Boston MA 02122

Real Estate Taxes$12,918

Tax Year2023

Assessed Value$1,202,800

Financial Data SourceTax Return

Total Gross Expenses By Broker$16,876

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$110,590

BostonRealEstate.com Gross Income

Total Net Income By Broker$93,713

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.88%

Location Information for 29 Ridgewood St, Boston MA 02122

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDorchester's Fields Corner

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Laundromat, Public Transportation, T-station, University

Contact Information for 29 Ridgewood St, Boston MA 02122

Agent

Name: Galina Barry

Office

Name: Keller Williams Realty

Phone: 617-969-9000

Payment Calculator

, Interest

Property Taxes 1076.5

Principal & Interest 8404.53

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Galina Barry

Agent Phone

Office Phone

(617) 969-9000

Text Agent Call Agent Call Office

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EXIT

Expired

29 Ridgewood St, Boston MA 02122

$1,364,000

Annual Expenses for 29 Ridgewood St, Boston MA 02122

Annual Income & Unit Breakdown for 29 Ridgewood St, Boston MA 02122

General Information for 29 Ridgewood St, Boston MA 02122

Disclosures for 29 Ridgewood St, Boston MA 02122

Financial Information for 29 Ridgewood St, Boston MA 02122

Location Information for 29 Ridgewood St, Boston MA 02122

Contact Information for 29 Ridgewood St, Boston MA 02122

Agent

Office

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Exclusive Listing Agent

Keller Williams Realty

Galina Barry