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You are here:
10 Days on Boston Pads
14 Photos
$1,699,900
8 Unit
15 Beds
1 Bath
5760 SQFT
0.13 Acre
116 Wales St
Boston, MA 02124

Property Description

Great investment opportunities! Revenue enhancements through possible rent increases, laundry installation, possible parking fees and possible building expansion on the huge lot. 8- 2 Bedroom units in a low maintenance building The building is concrete block construction on a concrete foundation with concrete floors/ceilings - very low maintenance. Electric heat so there are no heating systems to maintain. Again, very low operating costs! See attached rent roll. .Proof of Funds or letter of bank credit needed prior to viewing the property.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 8
  • Total Floors: 9
  • Total Bedrooms: 15
  • Total Full Baths: 1
  • Amenities: Highway Access, Park, Public School, Public Transportation, Shopping, T-Station
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 112500
  • Net Operating Income: 77183

Utilities

  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1965
  • Type: 5-9 Family
  • Construction Type: Stone/Concrete
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Laminate, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73280071
  • Last Updated: 08/27/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
08/25/2024Active$1,699,900$295MLSPIN
08/21/2024New$1,699,900$295MLSPIN
05/01/2024Expired$1,989,000$345MLSPIN
04/11/2024Temporarily Withdrawn$1,989,000$345MLSPIN
02/03/2024Active$1,989,000$345MLSPIN
01/30/2024Price Change$1,989,000$345MLSPIN
10/31/2023Active$2,100,000$365MLSPIN
10/27/2023New$2,100,000$365MLSPIN

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Seller's Representative: The stevedoug.com Team, LAER Realty Partners

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-08-27 09:22:00

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