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You are here:
23 Days on Boston Pads
8 Photos
$2,399,000
4 Unit
13 Beds
8 Baths
4033 SQFT
0.06 Acre
492 Sumner Street
Boston, MA 02128

Property Description

INVESTORS TAKE NOTE!! Welcome to 492 Sumner Street, a recently renovated four-family in the desirable Jeffries Point neighborhood. The property underwent a comprehensive construction program including new mechanical systems with central heat/AC, in-unit laundry, hardwood floors, shaker style white cabinets, quartz countertops, as well as stainless steel appliances. Additional unit features include sub-metered utilities and rear balconies with backyard access. The building is also sprinklered to meet life safety codes. The expansive unit mix consists of one (1) 2-bed/2-bath, one (1) 3-bed/2-bath, and two (2) 4-bed/2-bath units, which is ideal for maximizing bedroom count and cash-flow. The best of Jeffries Point is at your fingertips with close proximity to Piers Park, public transit, and the marina, as well as great neighborhood bars/restaurants. This property presents a unique opportunity for an investor to supplement their portfolio as interest rates continue to trend downwards.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 13
  • Total Full Baths: 8
  • Basement Features: Finished, Full, Other (See Remarks), Walk Out

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 174300
  • Gross Expenses: 32601
  • Net Operating Income: 141698

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 2019
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Flooring Type: Wood
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73286026
  • Last Updated: 09/09/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/09/2024Active$2,399,000$595MLSPIN
09/05/2024New$2,399,000$595MLSPIN

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Map & Resources

Adams Elementary School

Public Elementary School, Grades: PK-6

0.22mi

McKay K-8 School

Public Elementary School, Grades: PK-8

0.34mi

East Boston Early Education Center

Public Elementary School, Grades: PK-1

0.36mi

Downeast Cider

Bar

0.13mi

Downeast Pop-Up Bar

Bar

0.2mi

Boston Bruins

Bar

0.36mi

Starbucks

Coffee Shop

0.14mi

Starbucks

Coffee Shop

0.33mi

Santa Fe Burrito Grill

Mexican (Fast Food)

0.35mi

currito

Fast Food

0.35mi

Sbarro

Pizzeria

0.36mi

East Boston Neighborhood Health Center

Hospital

0.62mi

Engine 9 and Ladder 2

Fire Station

0.45mi

MassPort Police

Police

0.31mi

ICA Watershed

Museum

0.15mi

James A. Sartori Stadium

Sports Centre. Sports: American Football, Track

0.4mi

The Point Barre & Yoga Studio

Fitness Centre. Sports: Yoga

0.44mi

Joseph Porzio Memorial Park

Municipal Park

0.07mi

Sumner - Lamson Playground

Municipal Park

0.09mi

Brophy Park

Municipal Park

0.14mi

Golden Stairs Terrace

Municipal Park

0.17mi

Rockies Urban Wilds

Park

0.18mi

Piers Park

State Park

0.23mi

Southwest Service Area Airport Edge Buffer

Park

0.23mi

Piers Park Phase 2

Park

0.34mi

Kid Port

Playground

0.32mi

Shell - Nouria

Gas Station

0.15mi

Logan Barbershop

Hairdresser

0.3mi

Salon International

Hairdresser

0.42mi

Estefany Unisex Beauty Salon

Hairdresser

0.44mi

Meridian Food Market

Convenience

0.14mi

Sumner St @ Webster St

120

0.01mi

Jeffries St @ Everett St

120

0.06mi

Opp 345 Maverick St

120

0.1mi

Sumner St @ Lamson St

120

0.14mi

Maverick St @ Lamson St

120

0.17mi

Sumner St @ Cottage St

120

0.29mi

Maverick St @ Cottage St

120

0.3mi

Maverick St @ Frankfort St

120

0.38mi

Seller's Representative: Michael Sellers, Odessit Capital
MLS ID#: 73286026

© 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 2024-09-09 03:05:00

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