4337-4341 Washington Street, Boston, Massachusetts 02131

$1,879,000
3,168
SqFt
List Price
$1,879,000
Status
ACTIVE
MLS#
73032359
Living Area
3,168
Lot Size (Acres)
0.15
Year Built
1960

Property Description

ATTENTION INVESTORS & DEVELOPERS: we are proud to present this exclusive 5 Unit Commercial Building at the gateway to Roslindale Village! This is a rare and unique offering with immediate income and tremendous upside potential for future redevelopment. This two-level brick building on a busy corner offers 5 commercial storefronts at street level on Washington Street and lower-level garage bays and off-street parking on Albano Street. The property is a perfect candidate for a mixed-use residential/commercial redevelopment with plenty of garage & off-street parking at the rear accessed via Albano Street. The current rents are $111,600/year with expenses of $21,908 and an NOI of $89,682 with an estimated cap rate of 5%. Current rents are below market and 3 out of 5 units are TAW. The business owner of the Liquor store may be willing to participate in the sale of the Liquor store license and business along with the building. A perfect opportunity for a 1031 exchange!

Additional Information

Area
Roslindale
Taxes
$16,760
Buyer Agency Compensation
2.5
Other Agent Compensation
2.5
Compensation Based On
Net Sale Price
Sub Agency Offered
No

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Insight Realty Group, Inc..