Location filter
  • Any
  • Boston
  • Boston - Allston
  • Boston - Back Bay
  • Boston - Bay Village
  • Boston - Beacon Hill
  • Boston - Brighton
  • Boston - Charlestown
  • Boston - Chinatown
  • Boston - Dorchester
  • Boston - Downtown
  • Boston - East Boston
  • Boston - Fenway
  • Boston - Fort Hill
  • Boston - Hyde Park
  • Boston - Jamaica Plain
  • Boston - Mattapan
  • Boston - Mission Hill
  • Boston - North End
  • Boston - Roslindale
  • Boston - Roxbury
  • Boston - Seaport
  • Boston - South Boston
  • Boston - South End
  • Boston - West End
  • Boston - West Roxbury
  • Abington
  • Andover
  • Arlington
  • Belmont
  • Beverly
  • Billerica
  • Braintree
  • Bridgewater
  • Brookline
  • Burlington
  • Cambridge
  • Canton
  • Chelsea
  • Cohasset
  • Danvers
  • Dedham
  • Everett
  • Framingham
  • Gloucester
  • Hingham
  • Lawrence
  • Lexington
  • Lowell
  • Lynn
  • Lynnfield
  • Malden
  • Marlborough
  • Medford
  • Melrose
  • Methuen
  • Milton
  • Natick
  • Needham
  • Newton
  • North Reading
  • Norwood
  • Peabody
  • Pembroke
  • Plymouth
  • Quincy
  • Randolph
  • Reading
  • Revere
  • Salem
  • Saugus
  • Sharon
  • Somerville
  • Stoneham
  • Stoughton
  • Swampscott
  • Taunton
  • Wakefield
  • Waltham
  • Watertown
  • Wayland
  • Wellesley
  • Westwood
  • Weymouth
  • Wilmington
  • Winthrop
  • Woburn
$1,395,000
Total Beds: 8 Total Baths: 4
Total Units: 4 SQFT: 3080
LOT size: 0.13 Acres
175 Florence Street
Boston, MA 02131

Property Description

ATTENTION INVESTORS: STUNNING, NICELY UPDATED 4-UNIT BUILDING IN A TOP ROSLINDALE VILLAGE LOCATION!!! THIS BUILDING IS A CASH COW AND TURNKEY FOR THE NEXT OWNER. MANY RECENT UPDATES: NEW ROOF, NEW HIGH-EFFICIENCY GAS BOILER, NEW APPLIANCES & GRANITE COUNTERS IN THE KITCHENS, LEAD INSPECTION COMPLIANCE LETTERS IN HAND, 4 CAR GARAGE + OFF-STREET PARKING & REAR PORCHES! THIS IS A GREAT TROPHY BUILDING THAT OFFERS A TOP LOCATION NEAR ROSLINDALE VILLAGE AND THE COMMUTER TRAIN TO BOSTON!!! UNIT MIX IS (4) 2-BEDROOM APARTMENTS WITH 4 FULL BATHS. INCOME IS $111,240/YEAR WITH EXPENSES OF $27,067. THE NOI IS $84,173. THE ESTIMATED CAP RATE IS 6%. THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD. THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Highway Access, Laundromat, Park, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 111240
  • Gross Expenses: 27067
  • Electric Expenses: 691
  • Water/Sewer: 3046
  • INSC: 4650
  • Repairs & Maintenance: 3337
  • RFS: 1500
  • Net Operating Income: 84173

Utilities

  • 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: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1970
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Certified Treated
  • Year Round: Yes

Other Information

  • MLS ID# 73002876
  • Last Updated: 06/27/22

Mortgage Calculator

Click to see breakdown

Map

Seller's Representative: Steven Musto, Insight Realty Group, Inc.

© 2022 MLS Property Information Network, Inc.. All rights reserved.

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 2022-06-27 03:05:00

Related Properties