943-949 River St - Apartments FOR SALE


Boston, MA 02136
$2,450,000 USD
617-341-8800
943-949 River St, Boston, MA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

943-949 River St
Boston, MA 02136


HIGHLIGHTS

  • Same ownership since 1980s; dearth of nearby development opportunities

OVERVIEW

Showings being conducted from 8am-11am on 11/25/24 (call-text-email for an appt) Eight Unit Apartment Building on ±9,583 SF Lot ±10,124 SF Gross Building Size ±7,623 Living Space Targeting $2.45m One 4-bedroom and seven 2-bedrooms 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  Average Monthly Expenses: Electric: $100 Water/Sewer: $800 Maintenance: $650 Quarterly Real Estate Taxes: $2,790 Fully leased $18,961 monthly rental income (clear opportunity to increase this figure given favorable Landlord market conditions)

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

8

PRICE/UNIT

$306,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

A

APN/PARCEL ID

HYDE-000000-000018-007029

ASK ABOUT THIS PROPERTY

J.P. PlunkettRed Dome RealtyMore Info
617-341-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

J.P. PlunkettRed Dome RealtyMore Info
617-341-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.