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You are here:
43 Days on Boston Pads
22 Photos
$9,400,000
17 Unit
32 Beds
17 Baths
11400 SQFT
0.05 Acre
6 Cleveland Pl
Boston, MA 02113

Property Description

6 Cleveland Pl consists of a five-story, brick building with seventeen units comprised of four 3-Bedroom/1-Bathroom units, seven 2-Bedroom/1-Bathroom units and six 1-Bedroom/1-Bathroom units. 6 Cleveland Place is fully occupied and has an on site coin-operated laundry facility. The Property is separately metered for electricity, electric heat, and hot water which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. Centrally located in the heart of the North End and 0.4 miles to Boston’s North Station, the subject property is ideal for a potential buyer looking for income growth and strong investment returns. In-place rents are below market rates and offer upside by achieving market rents upon lease renewal and through programmatic upgrades to the unrenovated units.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 17
  • Total Floors: 5
  • Total Bedrooms: 32
  • Total Full Baths: 17
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Partially Finished
  • Common Appliances: Dryer, Washer

Financial

  • APOD Available: Yes
  • Gross Operating Income: 664543
  • Gross Expenses: 145407
  • Net Operating Income: 519136

Utilities

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

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73252637
  • Last Updated: 07/01/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
06/18/2024Active$9,400,000$825MLSPIN
06/14/2024New$9,400,000$825MLSPIN

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Seller's Representative: Dennis Kelleher, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5%
Facilitator Compensation: 0
Compensation Based On: Net 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 2024-07-01 12:00:00