Sold!
$2,050,000
11
Beds
6
Baths
3,606
Living Area
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Property Description
Fully leased & recently renovated rental machine in ultra-convenient JP location! Want income from day 1? Mangiacotti Development long-term rental property is proudly offered for sale and is a turn-key investment. Bought in ’11 & mostly gut renovated, with additional updates this summer. Rubber roof, Hardie siding, Azek trim, TimberTech railing systems. Gas combo boilers, + updated 200A electrical, plumbing, kitchens & baths. 2024 new windows, floors, full interior paint, bathroom updates. 2 sets of free laundry in basement, private storage rooms, front & back decks. All 3 units are leased until 8/31/25. Current monthly income = $12,220 (+room to grow next year). Low expenses & minimal maintenance. Close to Forest Hills for commuting. Building delivered with all leases & tenants in place; strong rental history since 2011. Ideal for 1031 investor, 5.5+% Cap rate.
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Highlights
- Area: Jamaica Plain
- Heating: Baseboard, Natural Gas, Wall Unit
- Property Type: 3 Family - 3 Units Up/Down
- Year Built: 1905
- Cooling: Window Unit(s)
- Property Class: Residential Income
- Total Rooms: 17
- Status: Closed
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
- Construction: Frame
- Flooring: Hardwood
- Interior Features: Ceiling Fan(s), Storage, Crown Molding, Stone/Granite/Solid Counters, Upgraded Countertops, Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floorplan, Remodeled, Upgraded Cabinets, Pantry, Living Room, Kitchen, Mudroom, Dining Room
- Roof: Rubber
- Year Built Details: Renovated Since
- Zoning: 3f
- Basement: Full, Walk-Out Access, Interior Entry, Concrete
- Exterior Features: Balcony/Deck, Garden
- Foundation: Other
- Lot Features: Level
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Walk/Jog Trails, Bike Path, T-Station
- Parking Features: On Street
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Utilities
- Electric: Circuit Breakers, 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,502,700
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $16,532
- Compensation Based On: Compensation Offered but Not in MLS
- Tax Year: 2025
- Total Rent: $12,220
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Arborview Realty Inc..
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
