Description
Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding 4 unit property is fully leased and features two commercial spaces on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second and third floors. Net income eclipses $100,000 annually bringing it in at a solid 5.8% CAP. The commercial units are occupied by a barber shop and a Boost Mobile and are on leases ending August 2024 and December 2026 respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens with stainless appliances and granite counters, tile baths, central A/C, in-unit laundry and rear decks. They are both on lease to 8/31/23. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Don't miss out!
Location
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Listing Agent: The Residential Group Agent phone: 617-296-7653 Courtesy of: William Raveis R.E. & Home Services Office phone: 617-426-8333 The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
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