4337 Washington Street Boston MA 02131 | 73032359

4337 Washington Street
Boston, MA, 02131
$1,879,000
Beds
0 Baths
3,168 SqFt
0.15 Acres
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!

Property Details

Price:
$1,879,000
MLS #:
73032359
Status:
Active
Baths:
0.00
Address:
4337 Washington Street
Type:
Commercial
City:
Boston
Listed Date:
Sep 6, 2022
State:
MA
Square Ft (approx):
3,168
ZIP:
02131
Lot Size:
6,534 sqft / 0.15 acres (approx)
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Schools

Interior

Total Bldg Sq Ft
3,168
U T I L I T I E S
Public Water, Public Sewer

Exterior

C O N S T R U C T I O N
Brick
Parking Features
Garage, Open, 11-20 Spaces, Improved Driveway
Roof Material
Membrane

Financial

Assessed Bldg Value
$444,600
Gross Annual Exp
$21,908
Gross Annual Inc
$111,600
T A X E S
$16,760
Buyer Agent Compensation
3%

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4337 Washington Street
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