$1,260,000
13
Beds
3/1
Baths
5,559
Living Area
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Property Description
Unveiling 92 Maple Street – A Victorian treasure with unparalleled value! This property sets a new standard for value in the market, standing as the best-priced 3-family in the area. Boasting one of the most competitive prices per square foot, it offers remarkable returns and investment potential. This fully leased turnkey operation is not just a property; it's a strategic investment opportunity. With a cap rate exceeding 7% and an impressive cash-on-cash return, this gem ensures immediate returns and long-term growth. Currently configured as a 3-unit, multi-family residence featuring 12 bedrooms and 3 bathrooms, the property gained approval from Boston's Board of Appeal on 2/26/2019, for a transformative conversion into a five-unit dwelling. Imagine four 2-bedroom/2-bathroom units and one 3-bedroom/2-bathroom unit, offering a range of possibilities. With strategic access to both the Orange and Red Lines, situated between Route 93 and the Massachusetts Turnpike. Buy & Hold or build!
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Highlights
- Cooling: Other
- Parking Spots: 4
- Property Type: 3 Family
- Year Built: 1916
- Heating: Natural Gas
- Property Class: Residential Income
- Total Rooms: 24
- Status: Closed
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Additional Details
- Appliances: Other
- Construction: Frame
- Foundation: Stone
- Lot Features: Corner Lot, Other
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: 3-fam
- Basement: Full
- Flooring: Wood, Vinyl, Other
- Interior Features: Other
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Off Street, Leased, Tandem, Common, Paved
- Covered Parking Spaces: 2
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $953,300
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2024
- Total Rent: $10,565
- Buyer Agent Compensation: 2.5%
- Facilitator Compensation: 1%
- Taxes: $10,390
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Listing information provided courtesy of NextGen Realty, Inc..
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