5 PROPERTIES
Residential Investment Portfolio
A collection of six multi-family houses on five parcels of land surrounding the Boston area.
14 UNITS
48 BEDROOMS
$454,800* GRI
List Price: $6,699,000
This portfolio of five properties, located in Somerville, Chelsea, Revere, & Dorchester, is renovated and leased through August 31, 2019, and provide a capitalization rate of 5.5%. This is a great opportunity for an investor to take ownership and build equity as the market continues to mature in these desirable neighborhoods. Utilities are paid by the tenants. This is only being offered as a package.
Please fill out the form below for a detailed breakdown of income and expenses or to schedule an appointment.
Quick Property Overview
- 35 Crescent Avenue, Chelsea2 Units | 2,726 sqft | 7 Beds$54,000/yr Gross Rental Income$6,268 Estimated Taxes$799,000
- 155 & 157 Pearl Street, Somerville2 Properties | 4 Units | 5,400 sqft | 13 Beds$128,400/yr Gross Rental Income$13,122 Estimated Taxes$1,999,000
- 23 Wisconsin Avenue, Somerville2 Units | 3,322 sqft | 9 Beds$90,000/yr Gross Rental Income$8,489 Estimated Taxes$1,650,000
- 271 Crescent Avenue, Revere3 Units | 3,580 sqft | 9 Beds$80,400/yr Gross Rental Income$8,000 Estimated Taxes$850,000
- 26 Taft Street, Dorchester3 Units | 3,549 sqft | 10 Beds$102,000/yr Gross Rental Income$7,018 Estimated Taxes$1,500,000
Property Details
Click on a photo to see the property details.
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* projected rental income of full tenancy. Currently, 13/14 units are rented with a rent roll of $430,800. One unit is currently vacant which rents for $1900 per month or $22,800 per year.