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80 Days on Jacob RealtyPrice Reduced $55,000
16
$1,295,000
Total Beds: 9 Total Baths: 6
Total Units: 3 SQFT: 2769
LOT size: 0.08 Acres
40 Stellman Road
Boston, MA 02131
View Map

Property Description

The property you have been waiting for! Having undergone an extensive renovation in 2015, this fully leased three family features (3) 3 bedroom/1.5 bath residences each with central A/C, dark stained hardwood floors, shaker kitchen's with granite counters, stainless appliances, gas cooking and a tile backsplash. The bedrooms and living spaces have crown moldings and the main bathroom is tile. There is a spacious rear deck for each unit, and there is driveway parking and a rear patio as well. Full basement with coin-op laundry. Net income eclipses $80,000/annually with all units on lease to 8/31/2023. Potential to raise rents with one unit already renewed at a higher rent till 8/31/24! Convenient location close to Roslindale Village, bus routes and the T. The hard work is all done. Just buy it and collect rents! Rent roll and financials available. Call for a private showing today.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Total Half Baths: 3
  • Amenities: Golf Course, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Gross Operating Income: 99180
  • Gross Expenses: 18992
  • Electric Expenses: 500
  • Water/Sewer: 1750
  • INSC: 3221
  • Repairs & Maintenance: 2480
  • Net Operating Income: 80188

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes

Other Information

  • MLS ID# 73090023
  • Last Updated: 04/11/23

Mortgage Calculator

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Map

Seller's Representative: The Residential Group, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.25
Facilitator Compensation: 2.25
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 2023-04-11 03:05:00

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