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$1,795,000
Total Beds: 8 Total Baths: 4
Total Units: 2 SQFT: 2851
LOT size: 0.09 Acres
240 Parker Hill Ave
Boston, MA 02120
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Property Description

Prime Investment Opportunity in Mission Hill: Step into the vibrant Mission Hill real estate market with this fully renovated 2-family gem. Each unit exudes modern elegance with hardwood floors, granite countertops, and stainless steel appliances. The first-floor apartment offers 4 beds/2 baths with convenient rear access to parking, while the second unit spans two levels, featuring another 4 beds/2 baths and a charming 3rd-floor bonus space. Strategically situated across from McLaughlin Park and within close proximity to Longwood Medical, Northeastern, and other universities, as well as the Green D-Line, this property boasts unmatched convenience and desirability. With abundant basement storage, additional income from coin-op laundry and parking, and a projected rent roll of $9,775/month starting on 9/1, this turnkey investment promises a solid return on investment. Seize the opportunity to own a piece of this highly sought-after community today.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, House of Worship, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: Yes
  • Expenses Source: Other (See Remarks)
  • Gross Operating Income: 119700
  • Gross Expenses: 2824
  • Electric Expenses: 890
  • Water/Sewer: 1934
  • Net Operating Income: 116875

Utilities

  • Electric Info: 220 Volts, At Street
  • Utility Connections: for Gas Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1930
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73224019
  • Last Updated: 05/11/24
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Sherwood & Company Team, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
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 2024-05-11 13:59:00

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