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$2,099,900
Multi-family - 5 Units
3,272 sqft
309 R Sumner #
Boston, 02128 - East Boston
An outstanding stabilized opportunity in the heart of Jeffries Point. Completely renovated with condo grade finishes this five family consists of two bi-level 1-bedroom units, two functional studios, and one spacious 2-bedroom. These designer pads feature upgraded kitchens with quartz countertops and stainless steel appliances, bright baths with marble tiling, generous rear decks, central heating/cooling, in-unit washer/dryers, recessed lighting and hardwood floors throughout. This turnkey 4.5% cap has all utilities separate and generates over $133,000 in rental income with room to grow. Located moments from Maverick MBTA stop, downtown Boston and the airport, this property gives an intelligent investor the option to either keep long term tenants or massively increase cashflow by renting short/mid term, as well as the choice to sell out as condos. A rare chance to capitalize on a profitable asset in one of Boston's highest appreciating neighborhoods.
| MLS ID: | 73047119 |
|---|---|
| Annual Tax: | $12,680 |
| Assessments: | $1,154,900 |
| Year Built: | 1899 |
| Amenities: | Public Transportation,Shopping,Tennis Court,Park,Walk/Jog Trails,Laundromat,Bike Path,Conservation Area,Highway Access,House of Worship,Marina,Public School,T-Station |
| Days on market: | 571 |
| Basement: | Full,Finished |
| Construction: | Frame,Stone/Concrete |
| Electricity: | 100 Amps |
| Energy Features: | Insulated Windows |
| Exterior Features: | Deck,Gutters |
Unit information
| Unit 1 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unit Floor: | 1 | Living Levels: | 2 | Rooms: | 3 | Bedrooms: | 1 | Bathrooms: | 1 full / 0 half | Rent: | 2450 | Lease: | Y |
| Unit 2 | |||||||||||||
| Unit Floor: | 1 | Living Levels: | 2 | Rooms: | 3 | Bedrooms: | 1 | Bathrooms: | 1 full / 0 half | Rent: | 2450 | Lease: | Y |
| Unit 3 | |||||||||||||
| Unit Floor: | 2 | Living Levels: | 1 | Rooms: | 2 | Bedrooms: | 0 | Bathrooms: | 0 full / 0 half | Rent: | 1900 | Lease: | Y |
| Unit 4 | |||||||||||||
| Unit Floor: | 2 | Living Levels: | 1 | Rooms: | 2 | Bedrooms: | 0 | Bathrooms: | 0 full / 0 half | Rent: | 1600 | Lease: | Y |
Similar Properties
| # | id | type | br/bth | status | price | sq ft |
|---|---|---|---|---|---|---|
| 1 | 72570033 | Multi-family | 5 Units | Active | $1,990,000 | 3,636 |