3106-3110 Washington Street, Boston, MA 02119

$1,575,000
8
BD
4
BA
4,280
SqFt
List Price
$1,575,000
Price Change
▼ $24,000 1716320586
Status
ACTIVE
MLS#
73218226
Bedrooms
8
Bathrooms
4
Full Baths
2
Half Baths
2
Living Area
4,280
Lot Size (Acres)
0.08
Year Built
1930

Property Description

Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Pro-Forma upon request.

Additional Information

Area
Jamaica Plain
Taxes
$10,322
Lot Description
Wooded
Water
Public
Sewer
Public Sewer

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Listing courtesy of Listing Agent: The Residential Group from Listing Office: William Raveis R.E. & Home Services.

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