943-949 River St
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943-949 River St
8 Unit Apartment Building $2,450,000 ($306,250/Unit) Boston, MA 02136
Investment Highlights
- Same ownership since 1980s; dearth of nearby development opportunities
Executive Summary
Showings being conducted from 8am-11am on 11/25/24 (call-text-email for an appt)
Eight Unit Apartment Building on ±9,583 SF Lot
±10,124 SF Gross Building Size
±7,623 Living Space
Targeting $2.45m
One 4-bedroom and seven 2-bedrooms
Same ownership since 1988
Given the lot’s size and shape, an expansion seems very reasonable, although no representations along said lines are being made
Average Monthly Expenses:
Electric: $100
Water/Sewer: $800
Maintenance: $650
Quarterly Real Estate Taxes: $2,790
Fully leased
$18,961 monthly rental income (clear opportunity to increase this figure given favorable Landlord market conditions)
Eight Unit Apartment Building on ±9,583 SF Lot
±10,124 SF Gross Building Size
±7,623 Living Space
Targeting $2.45m
One 4-bedroom and seven 2-bedrooms
Same ownership since 1988
Given the lot’s size and shape, an expansion seems very reasonable, although no representations along said lines are being made
Average Monthly Expenses:
Electric: $100
Water/Sewer: $800
Maintenance: $650
Quarterly Real Estate Taxes: $2,790
Fully leased
$18,961 monthly rental income (clear opportunity to increase this figure given favorable Landlord market conditions)
Property Facts
| Price | $2,450,000 | Building Class | C |
| Price Per Unit | $306,250 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 10,124 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low Rise |
| Price | $2,450,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 10,124 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | HYDE-000000-000018-007029 | Improvements Assessment | $566,800 |
| Land Assessment | $447,900 | Total Assessment | $1,014,700 |
PROPERTY TAXES
Parcel Number
HYDE-000000-000018-007029
Land Assessment
$447,900
Improvements Assessment
$566,800
Total Assessment
$1,014,700
zoning
| Zoning Code | A |
| A |
-
J.P. Plunkett -
Red Dome Realty
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943-949 River St
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