$1,425,000
15
Beds
4
Baths
6,939
Living Area
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Property Description
This is it! Built in 2007, this Jamaica Plain 2 Family is a rare MONEY MAKER. Containing 2 side by side units and a lot of expansion/value add potential. The larger right side unit contains 12 bedrooms, 3 bathrooms with a monthly income of $13,400. Left side unit is a 3 Bed, 1 bathroom apartment rented under market to BHA for $3,745/month. Unit(s) can be delivered vacant for the right offer. Huge high ceiling basement with interior and walk-out access ideal for ADU ideas. Current owner has development plans available (Not Approved or Permitted) for potential 6 units development of existing footprint, or knock down and rebuild new both a 3-family and a 2-family. Or develop by-right 2 side-by-side townhouses. Or sit back and collect the $17k monthly income and %8+ Cap Rate. Building is professionally managed and the property manager is willing to stay on. Great location in the desirable Woodbourne section of JP and close to Forest Hills T Station. Pro forma available by request.
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Highlights
- Area: Jamaica Plain's Forest Hills
- Parking Spots: 6
- Property Type: 2 Family - 2 Units Side by Side
- Total Rooms: 20
- Status: Closed
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 2007
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Additional Details
- Basement: Full, Walk-Out Access, Interior Entry, Concrete
- Flooring: Wood
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Res
- Construction: Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Owner
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Private School, Public School, T-Station
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: 200+ Amp Service, Common, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,528,600
- Taxes: $17,701
- Tax Year: 2025
- Total Rent: $17,145
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Listing information provided courtesy of Pondside Realty.
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