362-364 W 4th Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location. The property, which can be acquired at a 5.5% cap rate, consists of an extensively renovated three-story building containing five units with two (2) 5 Bedroom/2-Bathroom units, two (2) duplex 3-Bedroom Units (one with 3 bathrooms and one with 2.5 bathrooms) and one (1) 1-Bedroom/1-Bathroom unit with 8,635 square feet of living area in 9,798 gross square feet on a 0.06-acre parcel. With $300,000 in Gross Income, The Property is fully leased (with all units rented until 8/31/23) and features condo quality finishes including new kitchens with modern amenities (stainless steel appliances, dishwashers, granite or quartz countertops), in-unit laundry, new, Navien heating systems(all units), central air conditioning systems in units 1 and 5 (Duplex Units) as well as Navien, tankless hot water systems. 4 garage parking spaces included in adjacent building.
This listing has been viewed 13 times in the past 205 days
Last Updated: May 6th, 2024 at 11:25pm
Other
General Information for 362-364 W 4th St, Boston, Massachusetts 02127
Property TypeResidential Income
Property Sub TypeMulti Family
Price$4,500,000
Price per sqft$521.13
MLS #73035696
Handicap Access / FeaturesNo
List Date2022-09-13
Special Listing Conditions
StateMassachusetts
Street NameW 4th St
CityBoston
Zip Code02127
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones5
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total8635
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress362-364 W 4th St, Boston MA 02127
Zoning
Interior Features for 362-364 W 4th St, Boston, Massachusetts 02127
* Approx. Living Area Total8,635 sq ft
Living Area Includes BasementYes
Bedrooms17
* # Fireplaces0
Bathrooms (Total)10.5
Full Baths10
* # Half Baths1
* # Rooms
Basement
Heating System
Appliances
2
Electric
Living Area Disclosure
Living Area Includes BasementYes
Door Features
ElectricNo
Electric$0
MLS Area (Major)South Boston
MLSPIN_BEDRMS_13
MLSPIN_BEDRMS_25
MLSPIN_BEDRMS_35
MLSPIN_BEDRMS_41
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_13
MLSPIN_F_BTHS_22
MLSPIN_F_BTHS_32
MLSPIN_F_BTHS_41
MLSPIN_GRE$44,427
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate13/01/2023
Exterior Features for 362-364 W 4th St, Boston, Massachusetts 02127
* Approximate Lot Size0.06 acres
Covered Parking Spaces0
Lot FeaturesCorner Lot
* Parking Spaces4
* Sewer Utilities
* Water Utilities
* Year Built1899
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)2,707 Sqft
Disclosures for 362-364 W 4th St, Boston, Massachusetts 02127
Buyer Agent Compensation1.75
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONGross/full Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementYes
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 362-364 W 4th St, Boston, Massachusetts 02127
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$300,000
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_12
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT14600
MLSPIN_RENT26250
MLSPIN_RENT36100
MLSPIN_RENT42550
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$246,573
OperatingExpense$44,427
OriginalListPrice$4,550,000
RENT_FEE_INCLUDES
TOTAL_RENT24100
WaterSewerExpense$0
Lifestyle Information for 362-364 W 4th St, Boston, Massachusetts 02127
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features1 To 2 Mile To Beach, Bay, Beach Front, Beach Ownership(public), Ocean
Location information for 362-364 W 4th St, Boston, Massachusetts 02127
Elementary School
Middle School
High School
NumberOfUnitsTotal5
Marketing History for 362-364 W 4th St, Boston, Massachusetts 02127
MLSPIN_MARKET_TIME_BROKER112
MLSPIN_MARKET_TIME_PROPERTY112
PurchaseContractDate
Agent Information for 362-364 W 4th St, Boston, Massachusetts 02127