Overview:
Enormous 3-family located on a private way with off-street parking. Location provides easy access to Downton Boston via Brookline Hills T-stop on Green Line (.2 miles away), Longwood Medical, The Shops at Chestnut Hill, and many other local amenities.
Each unit has an eat-in kitchen with pantry, rear porch, and separate gas heating systems. There is a small back yard with potential to expand parking. Exterior was recently painted.
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Property breakdown:
- One (1) 3-bedroom (plus office), 1 bathroom unit
- Two (2) 4-bedroom, 1 bathroom units (one of which has a renovated kitchen)
Approximate living area: 4,500 SF
Approximate gross area: 8,000 SF
Driveway can accommodate 3-car tandem parking (plus one car garage parking)
Current monthly income: $10,500 (plus additional income from laundry) — leases run through 8/31/2018
Approximate annual expenses: $22,350
Analysis: Rents are below market value and could be increased as-is with opportunity for significant increase with full renovation. There is also a full unfinished basement and attic (floor through with 13 foot high ceilings).
Asking Price: $2,199,000
Unit 1
3 bedroom, 1 bathroom apartment with office
Rented through August 31, 2018 for $3,000
Unit 2
4 bedrooms, 1 bathroom
Rented through August 31, 2018 for $3,700
Unit 3
4 bedrooms, 1 bathroom
Rented through August 31, 2018 for $3800
Renovated kitchen with granite countertops, new cabinets and appliances