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Closed

4 Michigan Ave, Boston MA 02121

$899,000

Estimated $2,004.89/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $224,750

Total Rent: 63600/year

Estimated CAP Rate: 6.34%

9 Bedrooms

4 Full Baths

3,524 SqFt

Total Parking: 6 (2 Garage)

4,206 SqFt

Dorchester 3 family with an in-law apartment, ready for your personal touch. The property includes a 4BR/1BA unit, two 2BR/1BA units, and a 1BR in-law apartment. Three units feature hardwood floors and gas heating. Sold as-is, this home is perfect for investors or owner occupants who want a home that needs a little TLC. Unit 3 is currently vacant. Benefit from a 2-car garage, off-street parking, and a coin-operated washer and dryer in the basement. Don't miss this opportunity to transform this investment property into a beautiful, income producing home or asset. No showings until first OH.

This home has been viewed 33 times

Last Checked: May 7th, 2024 at 9:11am (Source: MLS PIN #73108808)

Gross Income: $63,600

Gross Expenses: $6,566

Net Income Calc: $57,034

CAP Rate: 6.34%

Annual Expenses for 4 Michigan Ave, Boston MA 02121

Total Gross Expenses (Calculated)$6,566/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,566

Annual Income & Unit Breakdown for 4 Michigan Ave, Boston MA 02121

Total Gross Income (Calculated)$63,600

Unit 1

Rental Income$2,300

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor

Levels in Unit0

HeatingNo

Rent Includes

General Information for 4 Michigan Ave, Boston MA 02121

Listing ID73108808

Property TypeMulti Family / 3 Family

Price$899,000 ($255.11/SqFt)

Style3 Family

CityBoston

CountySuffolk

MLS AreaDorchester

Neighborhood(s)

Approximate Living Area Total3,524 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 4 Michigan Ave, Boston MA 02121

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$63,600

Total Net Income By Broker$63,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 4 Michigan Ave, Boston MA 02121

Real Estate Taxes$6,566

Tax Year2023

Assessed Value$611,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$63,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$63,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.34%

Location Information for 4 Michigan Ave, Boston MA 02121

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDorchester

Area AmenitiesWalk/jog Trails, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station

Contact Information for 4 Michigan Ave, Boston MA 02121

Agent

Name: Nichols Realty Team

Office

Name: MIG

Phone: 617-651-5406

Team Members

Name: Jeff Ravelo

Phone: 857-204-5488

Payment Calculator

, Interest

Property Taxes 547.17

Principal & Interest 5539.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

MIG

Nichols Realty Team

Agent Phone

Office Phone

(617) 651-5406

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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[water_expense] => Array
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EXIT

Closed

4 Michigan Ave, Boston MA 02121

$899,000

Annual Expenses for 4 Michigan Ave, Boston MA 02121

Annual Income & Unit Breakdown for 4 Michigan Ave, Boston MA 02121

General Information for 4 Michigan Ave, Boston MA 02121

Disclosures for 4 Michigan Ave, Boston MA 02121

Financial Information for 4 Michigan Ave, Boston MA 02121

Location Information for 4 Michigan Ave, Boston MA 02121

Contact Information for 4 Michigan Ave, Boston MA 02121

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

MIG

Nichols Realty Team