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You are here:
Contingent
20 Photos
$1,599,999
3 Unit
8 Beds
3 Baths
2880 SQFT
0.06 Acre
324 Summit Ave
Boston, MA 02135

Property Description

Incredible opportunity to own a charming brick 3-family investment property in one of Boston's most vibrant neighborhoods. This property offers a fantastic investment opportunity for buyers featuring 3 fully leased apartments with 4 deeded parking spaces and city approval to build a 4th UNIT in the basement! Conveniently situated on the Brighton / Brookline border, prospective buyers will be able to capitalize on seamless access to the Green Line T, Washington Square, Coolidge Corner, Corey Hill Park, Cleveland Circle, Longwood Medical, downtown Boston and an array of other amenities that make this location so desirable for prospective tenants. Boasting an impressive $93,600 annual rent roll with leases running through 8/31/2025, prospective buyers will be able to walk into a turnkey investment with immediate cash flow and lucrative upside to create substantial value for years to come. Schedule a viewing today and seize this rare opportunity to invest in the future of Brighton!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Gross Operating Income: 93600
  • Net Operating Income: 93600

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Construction Type: Brick
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73231759
  • Last Updated: 05/08/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/08/2024Contingent$1,599,999$556MLSPIN
05/05/2024Active$1,599,999$556MLSPIN
05/01/2024New$1,599,999$556MLSPIN

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View Breakdown

Seller's Representative: David Dobrowolski, Block Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2024-05-08 06:40:00

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