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Buy a multi-family propertyat 309 R Sumner, Boston, MA 02128

$1,999,900

$2,049,900 (-2.44%)

$0/mo

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Multifamily

3,272 Sq. Ft.

2,466 Sq. Ft. lot

6 Bedrooms

5 Bathrooms

523 Days on market

73047119 MLS ID

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About 309 R Sumner multi-family property

An outstanding stabilized opportunity in the heart of Jeffries Point. Completely renovated with condo grade finishes this five family consists of two bi-level 1-bedroom units, two functional studios, and one spacious 2-bedroom. These designer pads feature upgraded kitchens with quartz countertops and stainless steel appliances, bright baths with marble tiling, generous rear decks, central heating/cooling, in-unit washer/dryers, recessed lighting and hardwood floors throughout. This turnkey 5.3% cap has all utilities separate and generates over $142,200 in rental income with room to grow. Located moments from Maverick MBTA stop, downtown Boston and the airport, this property gives an intelligent investor the option to either keep long term tenants or massively increase cashflow by renting short/mid term, as well as the choice to sell out as condos. A rare chance to capitalize on a profitable asset in one of Boston's highest appreciating neighborhoods.
An outstanding stabilized opportunity in the heart of Jeffries Point. Completely renovated with condo grade finishes this five family consists of two bi-level 1-bedroom units, two functional studios, and one spacious 2-bedroom. These designer pads feature upgraded kitchens with quartz countertops and stainless steel appliances, bright baths with marble tiling, generous rear decks, central heating/cooling, in-unit washer/dryers, recessed lighting and hardwood floors throughout. This turnkey 5.3% cap has all utilities separate and generates over $142,200 in rental income with room to grow. Located moments from Maverick MBTA stop, downtown Boston and the airport, this property gives an intelligent investor the option to either keep long term tenants or massively increase cashflow by renting short/mid term, as well as the choice to sell out as condos. A rare chance to capitalize on a profitable asset in one of Boston's highest appreciating neighborhoods.

Property details

Income

Gross Income: 133200

Appliances and Equipment

Appliances: "Electric Water Heater", "Utility Connections for Gas Range"

Basement

Basement: "Full", "Finished"

House

Building Area Total: 3272

Building Area Units: Square Feet

Construction Materials: "Frame", "Stone"

Living Area: 3272

Stories Total: 9

Year Built Source: Public Records

Year Built: 1899

Number Of Units Total: 5

Community

Community Features: "Public Transportation", "Shopping", "Tennis Court(s)", "Park", "Walk/Jog Trails", "Laundromat", "Bike Path", "Conservation Area", "Highway Access", "House of Worship", "Marina", "Public School", "T-Station"

Exterior Features

Exterior Features: "Rain Gutters"

Patio And Porch Features: "Deck"

Floors

Flooring: "Wood"

Foundation

Foundation Details: "Other"

Laundry

Features: "Washer Hookup"

Lot

Lot Features: "Level"

Lot Size Acres: 0.06

Lot Size Area: 0.06

Lot Size Square Feet: 2466

Lot Size Units: Acres

Parcel Number: 0104877000,1329815

Property

Property Sub Type: 5+ Family - 5+ Units Up/Down

Zoning: 3F-2000

Roof

Roof: "Rubber"

Sewer

Sewer: "Public Sewer"

Taxes

Tax Annual Amount: 12680

Tax Year: 2023

Utilities

Electric: "100 Amp Service"

Utilities: "for Gas Range", "Washer Hookup"

Water Source: "Public"

Windows

Window Features: "Insulated Windows"

Monthly cost

Estimated monthly cost

$13,527/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,879,906

+$59,997

$1,939,903

Seller agent commission$59,997 (3%)*

$0 (0%)

Buyer agent commission$59,997 (3%)*

$59,997 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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State

  • Land in Massachusetts
  • Condos in Massachusetts
  • Real Estate in Massachusetts

Unreal Estate checked: Aug 8, 2023 at 4:40 p.m.

Data updated: May 15, 2023 at 7:29 p.m.

Courtesy of EVO Real Estate Group, LLC, Karina Mejia.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Listing Information © 2024 MLS Property Information Network. All Rights Reserved.

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