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Not Available - Off MarketPrice Reduced $450,000
25
$2,750,000
Total Beds: 26 Total Baths: 12
Total Units: 6 SQFT: 8334
LOT size: 0.12 Acres
16-18 Fernboro Street
Boston, MA 02121
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This Property is No Longer Available

Property Description

PRICE REDUCTION, MOTIVATED SELLER - Here is your opportunity to own a 6-UNIT investment property in BOSTON. The chance to expand your portfolio is now. This property holds its unique character with exquisite exterior moldings and boasts luxury up-to-date modernization.26 BEDROOMS & 12 BATHROOMS! Each bedroom is rented out individually bringing in an excess amount of income. Recent renovations include - Vinyl siding, new windows, doors, trim, insulation, light fixtures, 6 new Navien heating systems, plumbing, electrical, fire. ALL Units remodeled, to include kitchen with granite/quartz counter tops, stainless steel appliances, all new flooring, lighting, and 2 renovated full bathrooms with custom tile showers in EACH UNIT. Driveway to rear parking - YES rear parking is included. Pre-Approved & Cash Buyers Welcome. Deeded as TWO - 3 family properties.Seller reserves right to accept an offer anytime.THIS IS AN OPPORTUNITY YOU DO NOT WANT TO MISS!

Property Details

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 26
  • Total Full Baths: 12
  • Amenities: Public Transportation
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Other (See Remarks)

Financial

  • APOD Available: Yes
  • Gross Operating Income: 417600
  • Gross Expenses: 21200
  • Water/Sewer: 5100
  • INSC: 7100
  • Repairs & Maintenance: 2500
  • Net Operating Income: 372400

Utilities

  • Heat Zones: 6
  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat, Hot Water
  • Under Lease: Yes
  • Floors: 1
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Heating: Electric, Forced Air, Gas, Hot Air Gravity, Hot Water Baseboard, Space Heater
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 3
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Heating: Electric, Electric Baseboard, Forced Air, Hot Water Baseboard, Other (See Remarks), Space Heater
  • Levels: 1

Unit 4 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Heating: Electric, Electric Baseboard, Forced Air, Hot Water Baseboard, Other (See Remarks), Space Heater
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Laminate, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73098769
  • Last Updated: 11/15/23
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Crystal Kavanaugh, Lamacchia Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2023-11-15 09:55:00

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