745 Boylston Street, Newton Highlands Newton, MA, 02461

6 Beds | 3 Baths | 2460 Ft2 | 5702

Multi-family $979,000.00

Remarks

5.5+ CAP investment opportunity in the heart of Newton Highlands! Solid 2 family w/ strong rental history offering steady rental income in a highly desirable & rapidly appreciating rental location. Perfect for a 1031 exchange buyer/investor seeking a solid return, a potential development opportunity, or an owner-occupant w/ rental income below. Each unit offers a traditional floor-thru layout featuring a sun room, living room, formal dining room, 2 equal bedrooms, large kitchen & rear porch. Parking for 7 cars. The upper floor unit has 2 additional bedrooms in the attic w/ a second full bath ( see disclosure ). Solar panels on roof provide extra income ( see below ). Current rent roll is $67,200 per year with potential for increase after current leases expire 8/31/20. Taxes, insurance & water/sewer are approx $11,500 combined, creating $55,700 NOI, a 5.5+CAP day one, turn-key. A substantial hard asset, fantastic buying opportunity with performing leases in place and solid tenants.


Location


Details

Annual Expenses
  • Gross Income:67200
  • Net Income:67200
Construction
  • Basement:N
  • Fireplaces:2
  • Garage Spaces:0
  • Living Area:2460.00
  • Rooms:14
  • Year Built:1925
Directions
  • Directions:Between Cloverdale & Woodcliff, Westbound side.
Energy and Mechanical
  • Rental 1:Water
  • Rental 2:Water
  • Sewer:City/Town Sewer
  • Water:City/Town Water
Exclusions and Disclosures
  • Disclosures:Y
  • Listing Status:Canceled
  • Living Area Note:Does not include the finished attic. See disclosure below.
  • Lot Description:Level
  • Status Alert?:No
Lot and Land
  • Acres:0.13
  • Frontage:58.00
  • Lot Size:5702.00
  • Parking Spaces:6
  • Price/sqft:397.97
  • Zoning:MR1
Property Information
  • Total Bedrooms:6
  • Total Fireplaces:2
  • Total Floors:3
  • Total Full Baths:3
  • Total Half Baths:0
  • Total Levels:3
  • Total Rooms:14
  • Total Units:2
Room Dimensions
  • Bedrooms:6
  • Full Baths:3
  • Half Baths:0
  • Total Rooms:14
School and Community
  • Village/neighborhood:Newton Highlands
Tax and Other Information
  • Tax Year:2021
  • Taxes:8187.73
Unit # 1
  • Appliance Description:Range,Refrigerator
  • Bedrooms:2
  • Fireplaces:1
  • Floor:1
  • Full Baths:1
  • Half Baths:0
  • Lease:Y
  • Levels:1
  • Rent:2200
  • Rooms:Living Room,Dining Room,Kitchen,Sunroom
Unit # 2
  • Appliance Description:Range,Refrigerator
  • Bedrooms:4
  • Fireplaces:1
  • Floor:2
  • Full Baths:2
  • Half Baths:0
  • Lease:Y
  • Levels:2
  • Rent:3400
  • Rooms:Living Room,Dining Room,Kitchen,Sunroom
Unit Descriptions
  • Multi Family Type:2 Family - 2 Units Up/Down

Bestimate ™

$952,606.37 - $1,048,544.93

The property listing data and information 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 pr...
Listing agent: Michael J. Grappo
Listing office: M. J. Grappo Realty Associates
Lisa Beth Koufman
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