Sold!
$3,000,000
15
Beds
8/1
Baths
5,077
Living Area
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Property Description
This one of a kind Mission Hill 3-family home has been fully renovated offering 15 bedrooms, 8.5 baths, spanning four floors of living over 5,000+ sqft. Each luxury rental unit has a desirable floorplan, featuring modern kitchens with semi-custom cabinets, stainless appliances & quartz/granite countertops, spacious living rooms, separate laundry, hardwood floors, tiled kitchens & ample outdoor space. The bathrooms are adorned with glass doors, modern vanities & tiled showers. Numerous upgrades include new energy efficient systems, HVAC systems, tankless hot water, roof, sprinkler system, newer plumbing & electrical systems & replacement windows. All units are leased until August 31, 2024, generating rental income of $17,675/mo. with room to improve rents to $20.5k+ a month next year. This property has a proven track record as a successful investment property, offered at a 7.3% cap rate. Close to Orange & Green T stops, several universities, Longwood Medical Area & Fenway.
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Highlights
- Area: Mission Hill
- Heating: Unit 1(Central Heat, Forced Air, Gas), Unit 2(Central Heat, Forced Air, Gas), Unit 3(Central Heat, Forced Air)
- Property Class: Residential Income
- Total Rooms: 42
- Status: Closed
- Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
- Parking Spots: 3
- Property Type: 3 Family
- Year Built: 1893
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Additional Details
- Appliances: Unit 2(Range, Dishwasher, Disposal, Microwave, Washer, Dryer), Unit 3(Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer)
- Exclusions: Excludes Tenant Belongings.
- Flooring: Wood, Tile, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Stone/Ceramic Tile Floor), Unit 3(Tile Floor, Hardwood Floors)
- Interior Features: Unit 1(Storage, Bathroom with Shower Stall), Unit 2(Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Open Floor Plan), Unit 3(Cathedral/Vaulted Ceilings, Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Open Floor Plan), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Mudroom, Office/Den), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 3 Rooms(Living Room, Dining Room, Kitchen)
- Road Frontage Type: Public
- Year Built Details: Approximate
- Zoning: 0105
- Basement: Full, Walk-Out Access
- Exterior Features: Porch, Deck, Deck - Wood, Deck - Composite, Fenced Yard
- Foundation: Concrete Perimeter, Granite
- Lot Features: Corner Lot
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $2,277,100
- Compensation Based On: Net Sale Price
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $24,456
- Buyer Agent Compensation: 2.5%
- Facilitator Compensation: 2%
- Tax Year: 2023
- Total Rent: $17,675
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