Sold!
$1,205,000
7
Beds
3
Baths
3,078
Living Area
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Property Description
3 Family house is an excellent opportunity for condo conversion, or three rentals in Jamaica Plain is a fantastic investment opportunity for anyone looking for a turnkey property with a proven rental history. All three units currently have leases expiring on 6/30/24, 8/31/24, 6/30/24. Opportunity to raise rents or condo conversion. Current residents have all lived in the home for at least several years. The apartments are spacious and well-lit and have two or three bedrooms, one bathroom, a living room, a dining room, a kitchen, a pantry, a washer/dryer, and a porch. The location is convenient, with easy access to the Forest Hills (Orange Line) and Bus 39, which connect to the shops on South Street and the Arborway. Additionally, the front entrance of the Arnold Arboretum is located nearby. Total annual rental income is currently below market at $85,200. Excellent opportunity for condo conversion or rarely available three-apartment rentals. Offers are due Tuesday, 30 April, at noon.
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Highlights
- Area: Jamaica Plain
- Parking Spots: 1
- Property Type: 3 Family
- Year Built: 1910
- Heating: Hot Water, Steam
- Property Class: Residential Income
- Total Rooms: 16
- Status: Closed
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator
- Foundation: Stone
- Lot Features: Corner Lot
- Total Number of Units: 3
- Year Built Source: Public Records
- Flooring: Tile, Hardwood, Wood
- Interior Features: Living Room, Dining Room, Kitchen
- Roof: Rubber
- Year Built Details: Approximate
- Zoning: R3
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, T-Station
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,031,700
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2024
- Total Rent: $7,100
- Buyer Agent Compensation: 2%%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $11,246
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