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.
Property Details
Price:
$1,599,000
MLS #:
73218226
Status:
Active
Beds:
8
Baths:
3
Address:
3106-3110 Washington Street
Type:
Multi Family
Subtype:
4 Family
City:
Boston
Listed Date:
Apr 1, 2024
State:
MA
Finished Sq Ft:
4,280
ZIP:
02119
Lot Size:
3,346 sqft / 0.08 acres (approx)
Year Built:
1930
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Schools
Interior
Bathrooms
2 Full Bathrooms, 2 Half Bathrooms
Flooring
Tile, Hardwood
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area
Roof
Rubber
Financial
Buyer Agent Compensation
2.25%
Tax Year
2024
Taxes
$10,323
Map
Community
- Address3106-3110 Washington Street Boston MA
- CityBoston
- CountySuffolk
- Zip Code02119
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Courtesy of William Raveis R.E. & Home Services. 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 property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
3106-3110 Washington Street
Boston, MA
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