$1,299,000
Total Beds: 9 Total Baths: 6
Total Units: 3 SQFT: 3264
LOT size: 0.07 Acres
40 Melbourne St
Boston, MA 02124

Property Description

Full renovated Turnkey investment opportunity! Location-Location- Location - This 3 family is located within 0.2 miles of the Shawmut Redlline station. Each three bedroom 2 bathroom apartment unit is fully rented through 8/31/21. The residents of this 3 family enjoy condo quality finishes, 2 full-bathrooms per unit, and in unit laundry. This makes attracting renters year over year an easy task! The landlord does not have to worry about exterior or mechanical upgrades because the roof, siding, plumbing, electric and heating systems were all newly installed in 2016/2017. This is even a potential condo conversion! Take advantage of low interest rates and make a nice return on investment from day one!

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 7825
  • Total Floors: 6
  • Levels: 3
  • Total Rooms: 15
  • RMS: 15
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Amenities: Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Expenses Year End: 12/20
  • Gross Operating Income: 93300
  • Gross Expenses: 16543
  • Electric Expenses: 450
  • Water/Sewer: 1980
  • INSC: 1849
  • Repairs & Maintenance: 3500
  • Net Operating Income: 76757

Utilities

  • Hot Water: Natural Gas
  • Electric Info: 200 Amps
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: Boton

Unit 1 Description

  • Rent: 2575
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 5
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher - ENERGY STAR, Dryer - ENERGY STAR, Microwave, Range, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
  • Interior Features: Intercom
  • Heating: Extra Flue, Gas, Heat Pump
  • Levels: 1

Unit 2 Description

  • Rent: 2500
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 5
  • Floors: 2
  • Bedrooms: 3
  • Full Baths: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher - ENERGY STAR, Dryer - ENERGY STAR, Microwave, Range, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
  • Interior Features: Hardwood Floors, Remodeled
  • Heating: Extra Flue, Gas, Heat Pump
  • Levels: 1

Unit 3 Description

  • Rent: 2700
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 5
  • Floors: 3
  • Bedrooms: 3
  • Full Baths: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher - ENERGY STAR, Dryer - ENERGY STAR, Microwave, Range, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
  • Interior Features: Bathroom With Tub, Hardwood Floors, Remodeled
  • Heating: Extra Flue, Gas, Heat Pump
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Unknown

Other Information

  • MLS ID# 72760191
  • Last Updated: 11/30/20

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