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Closed

15 Cleveland Place, Boston MA 02113

$1,590,000

Estimated $3,675.88/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $530,000

Total Rent: 76800/year

Estimated CAP Rate: 4.00%

5 Bedrooms

3 Full, 1 Half Baths

2,748 SqFt

Total Parking: 0

771 SqFt

Nestled in a quaint, private way just off of Margaret St in Boston's historic North End, this fully leased 3-unit, multifamily is a solid investment for immediate rental income or a tremendous potential value-add opportunity for investors to maximize rent and square footage after renovation. Current monthly rent roll is $6400. Rents are under market value. Unit 1 has one bedroom/one full bathroom; units 2 and 3 have two bedrooms and a full bathroom. Located just steps away from the area's famous collection of pastry shops, bars, and countless fine restaurants, 15 Cleveland Place is a meticulously maintained property in one of the city’s most charming, highly coveted neighborhoods! Boasting a rare 99/100 walk score, this property is just a short walk to the Financial District, Waterfront, North Station, MGH, and much, much more! Easy access to highways and public transportation!

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 8:41am (Source: MLS PIN #73074253)

Gross Income: $76,800

Gross Expenses: $13,172

Net Income Calc: $63,628

CAP Rate: 4.00%

Annual Expenses for 15 Cleveland Place, Boston MA 02113

Total Gross Expenses (Calculated)$13,172/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$13,172.42

Annual Income & Unit Breakdown for 15 Cleveland Place, Boston MA 02113

Total Gross Income (Calculated)$76,800

Unit 1

Rental Income$1,800

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$2,400

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit9

HeatingNo

Rent Includes

General Information for 15 Cleveland Place, Boston MA 02113

Listing ID73074253

Property TypeMulti Family / 3 Family

Price$1,590,000 ($578.6/SqFt)

Style3 Family

CityBoston

CountySuffolk

MLS AreaNorth End

Neighborhood(s)

Approximate Living Area Total2,748 SqFt

Approximate Lot Size (Acres)0.01 acres

Total Parking0

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

Zoning3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 15 Cleveland Place, Boston MA 02113

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$76,800

Total Net Income By Broker$76,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 15 Cleveland Place, Boston MA 02113

Real Estate Taxes$13,172.42

Tax Year2022

Assessed Value$1,210,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$76,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$76,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.00%

Location Information for 15 Cleveland Place, Boston MA 02113

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaNorth End

Area Amenities

Contact Information for 15 Cleveland Place, Boston MA 02113

Agent

Name: Olivia Scimeca

Office

Name: Greenway Realty Group, LLC

Phone: 617-377-4913

Team Members

Name: Scimeca/Ventresca

Phone: 781-389-8251

Payment Calculator

, Interest

Property Taxes 1097.7

Principal & Interest 9797.07

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Greenway Realty Group, LLC

Olivia Scimeca

Agent Phone

Office Phone

(617) 377-4913

Text Agent Call Agent Call Office

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EXIT

Closed

15 Cleveland Place, Boston MA 02113

$1,590,000

Annual Expenses for 15 Cleveland Place, Boston MA 02113

Annual Income & Unit Breakdown for 15 Cleveland Place, Boston MA 02113

General Information for 15 Cleveland Place, Boston MA 02113

Disclosures for 15 Cleveland Place, Boston MA 02113

Financial Information for 15 Cleveland Place, Boston MA 02113

Location Information for 15 Cleveland Place, Boston MA 02113

Contact Information for 15 Cleveland Place, Boston MA 02113

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Exclusive Listing Agent

Greenway Realty Group, LLC

Olivia Scimeca