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515 Norfolk St, Boston MA 02126

$1,488,000

Estimated $3,299/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $372,000

Total Rent: 146400/year

Estimated CAP Rate:

10 Bedrooms

Baths

5237

Total Parking: 17 (2 Garage)

13,797 (0.32)

Introducing an exceptional investment opportunity to acquire a substantially large 4-unit BOSTON property in the heart of Mattapan, sitting on a generous 14,000 sq ft lot! Perfect for an investor or a buyer looking to owner occupy! Situated in a thriving Boston- Mattapan neighborhood with convenient access to public transit and just moments away from Downtown Boston, this building boasts 4 very spacious units, ample on-site parking, garage space, separately metered utilities, and efficient systems. This building is currently a well stabilized cash cow; with significant potential to increase rents and enhance cash flow. The property showcases excellent value with tremendous potential for rent increases. Capitalize on the thriving momentum in Mattapan while unlocking substantial growth potential for the future. Mattapan Square is minutes away & the building is centrally located in one of Boston's most accessible neighborhoods. This is THE premier investment opportunity of the year!

This home has been viewed 83 times

Last Checked: October 7th, 2024 at 4:24pm (Source: MLS PIN #73191910)

Gross Income: $146,400

Gross Expenses: $10,638

Net Income Calc: $135,762

Water Views

Annual Expenses for 515 Norfolk St, Boston MA 02126

Total Gross Expenses (Calculated)$10,638/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10638

Annual Income & Unit Breakdown for 515 Norfolk St, Boston MA 02126

Total Gross Income (Calculated)$146,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 515 Norfolk St, Boston MA 02126

Listing ID73191910

Property TypeMulti Family / 4 Family

Price1488000 ($284.13/SqFt)

Style4 Family

CityBoston

CountySuffolk

MLS AreaMattapan

Neighborhood(s)

Approximate Living Area Total5237

Approximate Lot Size (Acres)0.32

Total Parking17 (2 Garage)

Garage Parking2

Year Built1905

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR3

Water ViewsNo

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 515 Norfolk St, Boston MA 02126

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsStacked Washer And Dryer In Unit 2 Belong To Tenants.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)Lender Owned

Buyer Agent Compensation2

Facilitator Compensation2

Compensation Based OnNet Sale Price

Financial Information for 515 Norfolk St, Boston MA 02126

Real Estate Taxes10638

Tax Year2023

Assessed Value$990,500

Financial Data SourceEstimated

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 515 Norfolk St, Boston MA 02126

Neighborhood(s)

MLS AreaMattapan

Area AmenitiesWalk/jog Trails

Contact Information for 515 Norfolk St, Boston MA 02126

Agent

Name: Markese Daise

Office

Name: Stony Brook & Lennox Realty Advisors

Phone: 617-531-9077

Payment Calculator

, Interest

Property Taxes 886.5

Principal & Interest 9168.58

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Stony Brook & Lennox Realty Advisors

Markese Daise

Agent Phone

Office Phone

(617) 531-9077

Text Agent Call Agent Call Office

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            [phone] => 617-531-9077
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    [unparsed] => 515 Norfolk St, Boston MA 02126
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[raw] => 
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EXIT

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Withdrawn

515 Norfolk St, Boston MA 02126

$1,488,000

Annual Expenses for 515 Norfolk St, Boston MA 02126

Annual Income & Unit Breakdown for 515 Norfolk St, Boston MA 02126

General Information for 515 Norfolk St, Boston MA 02126

Disclosures for 515 Norfolk St, Boston MA 02126

Financial Information for 515 Norfolk St, Boston MA 02126

Location Information for 515 Norfolk St, Boston MA 02126

Contact Information for 515 Norfolk St, Boston MA 02126

Agent

Office

Payment Calculator

Exclusive Listing Agent

Stony Brook & Lennox Realty Advisors

Markese Daise