property-description
Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged (id:38686)
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detailsSection.headers.propertyDetails
Property Tax
: $7,834 (2023)Last Updated
: Thu, April 25, 2024Mls Num
: 1377265Listing Date
: Mar 26, 2024
detailsSection.headers.homeFeatures
Property Type
: detailsSection.listingTypeId.100
detailsSection.headers.roomDetails
Partial Bathrooms
: 1
detailsSection.headers.interiorFeatures
Heating
: Radiant heat, Natural gasBasement
: Unfinished, FullFlooring
: Tile, Hardwood
detailsSection.headers.utilities
Sewer
: Municipal sewage system
detailsSection.headers.other
Parking Features
: Attached Garage, SurfacedExterior Features
: Brick, Stone
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