Sold!
$8,600,000
34
Beds
16/1
Baths
12,960
Living Area
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Property Description
20 Sheafe offers the opportunity to acquire a fully leased ($524,400 Gross Income) turnkey investment in an exceptional, urban-infill location in Boston's North End. The Property consists of a five-story, brick building with eleven (11) units comprised of one (1) 4-Bedroom/1.5 Bathroom unit, five (5) 3-Bedroom/2-Bathroom units and five (5) 3-Bedroom/1-Bathroom units with 12,960 square feet of living area in 13,309 square feet of total area. 20 Sheafe is fully occupied and was comprehensively renovated in 2017 featuring a new roof and new windows as well as a new electrical and gas service. Unit features consist of condo quality finishes including granite countertops, hardwood floors, stainless steel appliances, in-unit laundry and dishwashers as well as forced hot air heat and central air conditioning. Each unit is separately metered for utilities (Heat and AC – Electric Heat Pumps), hot water (Navien – Tankless) and separate electric, which the tenants all pay directly.
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Highlights
- Area: North End
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1920
- Property Class: Residential Income
- Total Rooms: 30
- Status: Closed
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Additional Details
- Appliances: Gas Water Heater
- Lot Features: Other
- Total Number of Units: 11
- Year Built Source: Public Records
- Foundation: Brick/Mortar
- Roof: Rubber
- Year Built Details: Approximate
- Zoning: A
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Waterfront Features: Beach Front
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $6,580,400
- Tax Year: 2021
- Total Rent: $17,150
- Buyer Agent Compensation: 1.125
- Taxes: $72,300
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Listing information provided courtesy of Horvath & Tremblay.
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