175 Florence Street, Boston, Massachusetts 02131

$1,395,000
8
BD
4
BA
3,080
SqFt
List Price
$1,395,000
MLS#
73002876
Bedrooms
8
Full Bathrooms
4
Sq. Ft
3,080
Lot Size
5,449
County
Suffolk
Year Built
1970
Status
ACTIVE

Property Description

ATTENTION INVESTORS: STUNNING, NICELY UPDATED 4-UNIT BUILDING IN A TOP ROSLINDALE VILLAGE LOCATION!!! THIS BUILDING IS A CASH COW AND TURNKEY FOR THE NEXT OWNER. MANY RECENT UPDATES: NEW ROOF, NEW HIGH-EFFICIENCY GAS BOILER, NEW APPLIANCES & GRANITE COUNTERS IN THE KITCHENS, LEAD INSPECTION COMPLIANCE LETTERS IN HAND, 4 CAR GARAGE + OFF-STREET PARKING & REAR PORCHES! THIS IS A GREAT TROPHY BUILDING THAT OFFERS A TOP LOCATION NEAR ROSLINDALE VILLAGE AND THE COMMUTER TRAIN TO BOSTON!!! UNIT MIX IS (4) 2-BEDROOM APARTMENTS WITH 4 FULL BATHS. INCOME IS $111,240/YEAR WITH EXPENSES OF $27,067. THE NOI IS $84,173. THE ESTIMATED CAP RATE IS 6%. THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD. THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!

Additional Information

Days on Market
5
Taxes
$7,708
Tax Year
2022
Assessment
702500
Construction
Frame
Amenities
Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, T-Station
Flooring
Wood
Basement
Yes
Lot Description
Corner, Paved Drive
Parking Spaces
8
Garage Spaces
4
Acres
0.13
Price Per Sqft
$452

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Listing courtesy of Steven Musto from Insight Realty Group, Inc.

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