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Unit Information
Fully rented 4 family on a buildable lot with an extra lot for parking. At one time there were 3 four family homes on this one lot then 2 of them burned down. The 4 family that is left is for sale along with an extra lot for parking. The town says up to 5 more units can be built on the lot, and possibly more with a variance. There is 1 tenant, Service Net, which is a state agency. The rent comes in on the 3rd each month. If a tenant damages an apartment then Service Net will pay for the repairs. There are 4 updated gas heating units and 4 updated electric systems so the tenant pays for those utilities. Updated windows. Service Net will probably want to rent any additional units that are built on the lot. Next year the rents will go up to $1700-1800/unit. It's the best deal a landlord will ever have! The tenants will stay. Plot plan, lead paint, and proposal for 5+ more units to be built are all attached to the MLS listing.
- Additional Details
- Status: ACT
- Type: Multi-Family, 4 Family - 4 Units Up/Down
- Zip Code: 01201
- Living Levels: 6
- Parking
- Parking: Off Street
- Parking Spaces: 20
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 6
- Total Rooms: 20
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$550,000
- Listing ID: 73294110
- Bedrooms: 12
- Full Baths: 4
- Living Area: 4,000 sqft Convert
- Lot Size: 21,258 sqft Convert
- Acres: 0.49
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |