38 Cherokee Street

    Boston, MA 02120
    • $1,995,000
    • STATUS: Active
    • MLS #: 72553803
    $1,995,000
    • 13
      BEDS
    • 0.08
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 4,335
      SQFT
    • $460
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Listing courtesy of The Residential Group of William Raveis R.E. & Home Services.

    Description

    Incredible opportunity to own an oversized three family on Mission Hill! Well maintained building with a great cash flow history. Ideal location with easy access to Longwood Medical Center, NE Baptist Hospital, Museum of Fine Arts, Brigham Circle, Green Line, Orange Line, Roxbury Crossing, Southwest Corridor and many Universities including Mass Art, Wentworth, Roxbury Community, Northeastern and Mass Pharmacy. Two blocks from Fitzgerald Park and McLaughlin Playground. Beautiful side street sitting on a level lot. This location continuously has a high rental demand. Currently fully rented with the CAP rate around 5.5%. Communal laundry in the basement. Walk up attic space provides for a potential expansion for increased future rents. This is the one to start or expand your portfolio with. Put your money to work!

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-09-16T23:47:39.857.
    www.coastalnewenglandproperties.com/homes/98221327

    38 Cherokee Street Boston, MA 02120

    • Price: $1,995,000
    • Status: Active
    • MLS #: 72553803
    13
    Beds
    6
    Baths
    0
    ½ Baths
    0.08
    Acres
    4,335
    SQFT
    $460
    $/SQFT
    1900
    Built
    Neighborhood:
    Mission Hill
    County:
    Suffolk
    Area:
    Mission Hill
    Property Description
    Incredible opportunity to own an oversized three family on Mission Hill! Well maintained building with a great cash flow history. Ideal location with easy access to Longwood Medical Center, NE Baptist Hospital, Museum of Fine Arts, Brigham Circle, Green Line, Orange Line, Roxbury Crossing, Southwest Corridor and many Universities including Mass Art, Wentworth, Roxbury Community, Northeastern and Mass Pharmacy. Two blocks from Fitzgerald Park and McLaughlin Playground. Beautiful side street sitting on a level lot. This location continuously has a high rental demand. Currently fully rented with the CAP rate around 5.5%. Communal laundry in the basement. Walk up attic space provides for a potential expansion for increased future rents. This is the one to start or expand your portfolio with. Put your money to work!
    Exterior Features

    Beachfront No Construction Frame Exterior Shingles Exterior Features PorchDeck Foundation Granite Garage Spaces 0 Lot Description Fenced/EnclosedLevel Parking Spaces 0 Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

    Interior Features

    Basement Yes Basement Features Full Bedrooms Unit1 4 Bedrooms Unit2 4 Bedrooms Unit3 5 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Flooring Wood Floors Unit1 1 Floors Unit2 2 Floors Unit3 3 Full Baths Unit1 2 Full Baths Unit2 2 Full Baths Unit3 2 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Rooms 16 Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomKitchen Rooms Unit1 5 Rooms Unit2 5 Rooms Unit3 6

    Property Features

    Amenities Public TransportationShoppingParkWalk/Jog TrailsMedical FacilityLaundromatBike PathHouse Of WorshipPrivate SchoolPublic SchoolT-StationUniversity Apod Available No Assessments 1621200.00 Disclosure No Disclosures Buyer To Do All Their Own Due Diligence. Expenses Source Pro. Forma Available Expenses Year End 12/18 Gross Operating Income 139200 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lender Owned Undisclosed Multifamily Type 3 Family Net Operating Income 109400 Rent Unit1 3800 Rent Unit2 4000 Rent Unit3 4000 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2019 Taxes 17087.00 Terms Contract For Deed Utility Connections For Gas Range Water City/Town Water Year Built Description Unknown/Mixed Year Built Source Public Record Zoning Res

    Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of The Residential Group of William Raveis R.E. & Home Services.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-09-16T23:47:39.857.
     
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    Listing courtesy of The Residential Group of William Raveis R.E. & Home Services.