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- LoopNet Team
14-16 Lakeville Rd
Jamaica Plain, MA 02130
All Offers Due 3/25/20 · Multifamily Property For Sale
·
30 Units

INVESTMENT HIGHLIGHTS
- RARE OPPORTUNITY - Last market rate "pondside" apartment building in JP
- STABLE EXISTING CASH FLOW & UPSIDE POTENTIAL - Upside potential exists on some below market rents
- TRUE GENERATIONAL REAL ESTATE - The current owners have held this in their family for decades
PROPERTY FACTS
| No. Units | 30 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 28,816 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | MFR | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 28,816 SF |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | MFR |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
ABOUT 14-16 LAKEVILLE RD , JAMAICA PLAIN, MA 02130
SITE DESCRIPTION LOT SIZE: 17,280 ± SF UTILITIES: Municipal water/sewer, electricity, natural gas, cable t.v., and phone serve the site. The trash removal is collected by the city. PARKING: Currently there is only street parking, however the rear lot, fronting on Goodrich Road, has the potential to be an on-site parking lot if a curb cut can be obtained from the city. ZONING: MFR Multi-Family Residential Subdistrict of The Jamaica Plain Neighborhood District PROPERTY DESCRIPTION BUILDING DESCRIPTION: Four-story masonry building built circa 1925 BUILDING AREA: 28,816 ± SF gross building area BASEMENT: Unfinished basement area includes building systems and storage CONSTRUCTION: Poured concrete basement, wood frame construction, and brick exterior ROOF: Rolled asphalt roof approximately 25 years old WINDOWS: Steel clad, double hung singe pane windows with aluminum encased storm windows with single pane glass approximately 30 years old. HVAC: Oil fired central heating system by steam. The boiler was replaced December, 2015. Heat and hot water is paid by the landlord. Air-conditioning is supplied by the tenants through electric window units ELECTRICITY: Separately metered 400 ampere main services. The tenants pay electricity APARTMENTS: The units have hardwood and vinyl flooring in the living areas and kitchens. The bathrooms and common areas have ceramic tile floors. Kitchens have wood cabinets, a sink (no disposal), and a gas stove. The gas stoves are separately metered. PORCHES: All upper floor units have exterior porches/decks LAUNDRY: There are coin-operated washers and dryers in the building CAPITAL IMPROVEMENTS: Hallways and common areas were repainted 3-4 years ago. As noted in the rent roll as stack of units were damaged by a water leak. Units 14-2, 14-5, and 14-12A have been repaired. 14-9 has not been started, but should be repaired and be rentable in approximately 3-4 weeks.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
| 2+1 | 16 | - | - |
PROPERTY TAXES
| Parcel Number | JAMA-000000-000019-001984 | Improvements Assessment | $4,122,100 |
| Land Assessment | $1,596,200 | Total Assessment | $5,718,300 |
PROPERTY TAXES
Listing ID: 18803431
Date on Market: 3/9/2020
Last Updated:
Address: 14-16 Lakeville Rd, Jamaica Plain, MA 02130
The Multifamily Property at 14-16 Lakeville Rd, Jamaica Plain, MA 02130 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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