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Key Details
Sold Price $1,436,950
Property Type Multi-Family
Sub Type 4 Family - 4 Units Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 3,174 sqft
Price per Sqft $452
MLS Listing ID 72699347
Sold Date 11/20/20
Bedrooms 8
Full Baths 6
Year Built 1960
Annual Tax Amount $4,585
Tax Year 2020
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type 4 Family - 4 Units Side by Side
Property Description
**PRICE DROP OF $50,000** TURNKEY ** 35 Melbourne is fully occupied 4-Unit transit oriented investment property fully rented through 8/31/2021. This property is a true turnkey investment taking in $105,540 per year or roughly $9K per month. The location is perfect for renters, making it a great long term investment near the Shawmut Redline Station (0.2 mile walk). The property went through an extensive renovation in 2018 which included a new construction entire third floor addition. That renovation also included new kitchens, new roof, new windows, upgraded bathrooms, sprinkler system, fire alarm and new hardi-plank siding. There is room to increase rents, and there is upside to this is investment especially with expansion potential in the basement. Buyer to due diligence, serious inquiries only. TAKE THE VIRTUAL TOUR! THIS PROPERTY IS CONTIGENT DUE TO FINANCING..SELLER IS TAKING BACKUP OFFERS SUBJECT TO FINANCING
Location
State MA
County Suffolk
Area Dorchester'S Dorchester Center
Zoning 3f-D-3000
Direction Dorchester Ave to Wells Ave to Melbourne Street
Rooms
Basement Concrete, Unfinished
Interior
Interior Features Unit 1 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 4 Rooms(Living Room, Kitchen, Other (See Remarks))
Heating Unit 1(Gas)
Cooling Unit 1(Central Air)
Flooring Hardwood
Appliance Unit 1(Range, Disposal, Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR), Unit 2(Disposal, Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR), Unit 3(Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR), Unit 4(Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR), Gas Water Heater, Utility Connections for Gas Range
Laundry Unit 1 Laundry Room
Exterior
Community Features Public Transportation, Public School, T-Station
Utilities Available for Gas Range
Roof Type Asphalt/Composition Shingles
Garage No
Building
Story 6
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
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Bought with Michael Harrison • Boston Bayside Properties, LLC
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205