NOT LISTED FOR SALE
11 Beds
11 Baths
5,858 Sq Ft
6,000 Sq Ft Lot

Last Sold October 31, 2024

Last sale price $4,600,000 $785 Per Sq Ft

57 Days on Market

Highlights

  • Medical Services
  • Landscaped Professionally
  • Wood Flooring
  • New Construction
  • Property is near public transit
  • 3-minute walk to Penniman Road Play Area

About This Home

As of October 2024

Great Turn-Key investment opportunity in Allston with GREAT CAP RATE! This meticulously designed investment features 7 Newly built units currently brining in over $28,000 per month! Thoughtfully crafted for modern living; Building that is made up of: (4) 2 bed/2 baths and (3) 1 bed/1 bath that are all equipped with high-quality craftsmanship, contemporary amenities, brand new appliances and In unit washer and dryer to check all the boxes of modern convenience. Units are all separately metered and provided with their own storage units. There are 4 covered parking spots available. Building has been professionally managed and perfect for any investor looking to expand their portfolio with a Very Strong income producing asset. The Building promises luxury and convenience in one of Boston's most dynamic locales- convenient to local restaurants, shops, music venues, Charles River, Harvard Business School, and the Boston Landing Train Station. Schedule your viewing today!

Last Agent to Sell the Property

Nelson Otuechere

NCO Realty Group Inc. Listed on: 07/09/2024

Last Buyer's Agent

Jack Yang

Coldwell Banker Realty - Cambridge

Coldwell Banker Realty - Cambridge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,000

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 6,000 Sq Ft Lot
  • Landscaped Professionally

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,858 Sq Ft Home
  • Combination Dining and Living Room
  • Storage
  • Washer and Dryer
  • Wood Flooring
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Listing and Financial Details

  • Total Actual Rent $28,025
  • Assessor Parcel Number 4675171

Community Details

Overview

  • 7 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Net Operating Income $273,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,000

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 2023
  • New Construction YN: Yes
  • Year Built Details: Finished, Never Occupied
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Stories: 7

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Storage, Upgraded Countertops, Other, High Speed Internet, Upgraded Cabinets, Living Room, Dining Room, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer, Other, Washer, Dryer
  • Total Bedrooms: 11
  • Full Bathrooms: 11
  • Total Bathrooms: 11
  • Laundry Features: Washer & Dryer Hookup, Washer Hookup, Dryer Hookup
  • Basement: Finished
  • Living Area: 5858
  • Spa YN: No
  • Stories Total: 7
  • MAIN LO: AN6051
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Professional Landscaping
  • Construction Materials: See Remarks
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Assigned, Paved
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, Washer Hookup
  • Cooling: Central Air, Other
  • Heating: Central, Other
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 7

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University, Other
  • Senior Community YN: No

Lot Info

  • Parcel Number: 4675171
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6000
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat, Other (See Remarks)

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 24000

Multi Family

  • Net Operating Income: 273300
  • Number Of Units Total: 7
  • Total Actual Rent: 28025
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 7
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N

Range of Values:

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Value Increase
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Percent Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $4,600,000 -5.6% $785 / Sq Ft
09/05/2024 09/05/24 Pending -- -- --
08/20/2024 08/20/24 Price Changed $4,875,000 -0.4% $832 / Sq Ft
07/30/2024 07/30/24 Price Changed $4,895,000 -2.0% $836 / Sq Ft
07/09/2024 07/09/24 For Sale $4,995,000 -- $853 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73262125

MLS Property Information Network (MLS PIN)

APN: ALLS W:22 P:01753 S:000