$1,375,000
8
Beds
3
Baths
3,492
Living Area
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Property Description
Fully leased, trophy 3-family rental, located on a side street mins from Forest Hills T, Bus & Arboretum! Current owner of 25 yrs has renovated / updated all 3 units, and is now retiring. Buyers looking to generate income from closing day will enjoy $ 8,895 per month, with leases till 8/31/25. Room to grow rents for '25 renewal cycle. Gorgeous back yard, raised garden beds, laundry in basement & unit 1. Loaded with original decorative details, mantels, mouldings, high ceilings + large rooms. Low expenses & minimal maintenance. Close to Forest Hills for commuting. Building delivered with all leases & tenants in place. Full de-lead compliance units 1+2. Unlike most multifamily homes on the market, this one has been carefully updated and is now turn-key. Ideal for 1031 investor, 6%+ Cap rate! Monthly rents #1 $3,245 #2 $3,000 #3 $2,650. 2005 new roof.
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Highlights
- Area: Jamaica Plain
- Property Type: 3 Family - 3 Units Up/Down
- Year Built: 1910
- Property Class: Residential Income
- Total Rooms: 15
- Status: Closed
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
- Foundation: Other
- Lot Features: Gentle Sloping
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Interior Entry, Unfinished
- Interior Features: Pantry, Living Room, Kitchen, Laundry Room
- Roof: Shingle
- Year Built Details: Renovated Since
- Zoning: Mfr
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,108,500
- Tax Year: 2025
- Total Rent: $8,895
- Compensation Based On: Compensation Offered but Not in MLS
- Taxes: $12,192
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Listing information provided courtesy of Gibson Sotheby's International Realty.
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