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943-949 River St 8 Unit Apartment Building $3,388,250 CAD ($423,531 CAD/Unit) 8.20% Cap Rate Boston, MA 02136
Investment Highlights
- two curb cuts; fantastic development potential
Executive Summary
VIEW VIDEO HERE:
https://www.r-dome.com/943949-river-street-hyde-park-boston-ma
Two units have electric heat; Balance have gas heat
Same ownership since 1988
Given the lot’s size and shape, an expansion seems very reasonable, although no representations along said lines are being made
Avg monthly expenses:
Common Electric: $100
Water/Sewer: $800
Maintenance: $650
Quarterly Real Estate Taxes:±2,800
Insurance: ±$12,000 per year
Three “market” and five “subsidized” units
Fully leased
$19,402 monthly rental income (clear opportunity to increase this figure given favorable Landlord market conditions)
https://www.r-dome.com/943949-river-street-hyde-park-boston-ma
Two units have electric heat; Balance have gas heat
Same ownership since 1988
Given the lot’s size and shape, an expansion seems very reasonable, although no representations along said lines are being made
Avg monthly expenses:
Common Electric: $100
Water/Sewer: $800
Maintenance: $650
Quarterly Real Estate Taxes:±2,800
Insurance: ±$12,000 per year
Three “market” and five “subsidized” units
Fully leased
$19,402 monthly rental income (clear opportunity to increase this figure given favorable Landlord market conditions)
Property Facts
| Price | $3,388,250 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $423,531 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 8.20% | Building Size | 10,124 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2010 |
| Zoning | A | ||
| Price | $3,388,250 CAD |
| Price Per Unit | $423,531 CAD |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 10,124 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2010 |
| Zoning | A |
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Property Taxes
| Parcel Number | HYDE-000000-000018-007029 | Improvements Assessment | $716,547 CAD |
| Land Assessment | $607,039 CAD | Total Assessment | $1,323,586 CAD |
Property Taxes
Parcel Number
HYDE-000000-000018-007029
Land Assessment
$607,039 CAD
Improvements Assessment
$716,547 CAD
Total Assessment
$1,323,586 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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943-949 River St
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