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$1,800,000
Total Beds: 8 Total Baths: 6
Total Units: 3 SQFT: 3300
LOT size: 0.21 Acres
108 Allston St
Boston, MA 02134

Property Description

This is a unique investment opportunity which is compromised of 3 apartment units with an additional 18 parking spaces (13 outdoor & 5 garages). The 1st floor is a 1 bedroom apartment with a private entrance. The 2nd floor is a 2 bedroom apartment which is currently rented for $2,100/month. The 3rd & 4th floors are a massive duplex style 5 bedroom-2 bathroom apartment with gleaming hardwood floors and cathedral style ceilings with stunning exposed beams. The 1 bedroom and 5 bedroom are currently unoccupied which presents an investor a variety of options to add value. The majority of the parking spaces are currently rented for between $125-$200/month ($2,575/month right now) which also enables investors to increase the income by bringing the parking space rents to the current market rates. This opportunity will not last long.

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 11350
  • Total Floors: 6
  • Levels: 4
  • Total Rooms: 15
  • RMS: 15
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Total Half Baths: 2
  • Amenities: Highway Access, Laundromat, Park, Public Transportation, Shopping, T-Station, University
  • Basement Features: Partially Finished
  • Common Rooms: Laundry

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Expenses Year End: 12/20
  • Gross Operating Income: 138088
  • Gross Expenses: 23786
  • Electric Expenses: 129
  • Water/Sewer: 2403
  • INSC: 2615
  • Repairs & Maintenance: 1700
  • Miscellaneous Expense: 2100
  • Net Operating Income: 114301

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Electric Info: 110 Volts, On-Site
  • Energy Features: Insulated Windows
  • Green Certified: Unknown
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 4500
  • Included in Rent: Water
  • Under Lease: No
  • Rooms: 8
  • Floors: 3
  • Bedrooms: 5
  • Full Baths: 1
  • Half Baths: 2
  • Other Rooms: Family Room, Kitchen, Living Room
  • Appliances: Disposal, Range, Refrigerator
  • Interior Features: Hardwood Floors, Walk-In Closet, Wood Flooring
  • Heating: Electric Baseboard, Forced Air, Oil, Oil, Radiant
  • Levels: 2

Unit 2 Description

  • Rent: 2100
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 2
  • Bedrooms: 2
  • Full Baths: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Disposal, Range, Refrigerator
  • Interior Features: Hardwood Floors, Wood Flooring
  • Heating: Electric Baseboard, Forced Air, Oil, Oil, Radiant
  • Levels: 1

Unit 3 Description

  • Rent: 1600
  • Included in Rent: Water
  • Under Lease: No
  • Rooms: 3
  • Floors: 1
  • Bedrooms: 1
  • Full Baths: 1
  • Half Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Disposal, Range, Refrigerator
  • Interior Features: Hardwood Floors, Wood Flooring
  • Heating: Electric, Forced Air, Space Heater
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown

Other Information

  • MLS ID# 72782974
  • Last Updated: 02/25/21

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