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943-949 River St 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 8.20% Cap Rate Boston, MA 02136
EXECUTIVE SUMMARY
VIEW VIDEO HERE:
https://www.r-dome.com/943949-river-street-hyde-park-boston-ma
Two units have electric heat; Balance have gas heat
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
Avg monthly expenses:
Common Electric: $100
Water/Sewer: $800
Maintenance: $650
Quarterly Real Estate Taxes:±2,800
Insurance: ±$12,000 per year
Three “market” and five “subsidized” units
Fully leased
$19,402 monthly rental income (clear opportunity to increase this figure given favorable Landlord market conditions)
https://www.r-dome.com/943949-river-street-hyde-park-boston-ma
Two units have electric heat; Balance have gas heat
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
Avg monthly expenses:
Common Electric: $100
Water/Sewer: $800
Maintenance: $650
Quarterly Real Estate Taxes:±2,800
Insurance: ±$12,000 per year
Three “market” and five “subsidized” units
Fully leased
$19,402 monthly rental income (clear opportunity to increase this figure given favorable Landlord market conditions)
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $312,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 8.20% | Building Size | 10,124 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | A | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| 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 |
| Zoning | A |
AMENITIES
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 | $528,700 |
| Land Assessment | $447,900 | Total Assessment | $976,600 |
PROPERTY TAXES
Parcel Number
HYDE-000000-000018-007029
Land Assessment
$447,900
Improvements Assessment
$528,700
Total Assessment
$976,600
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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943-949 River St
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