Stabilized Roxbury four-unit building with 12 total bedrooms and tons of upside from a rent income standpoint. Property will generate $10,856 based on approved rents. Currently generating $9,600 per month w/ two underperforming units that are occupied by long-term tenants. Limited CapEx to eclipse $13k+ per month in rent income (e.g. fresh paint, new fixtures). Expected low vacancy and high appreciation potential based on market trends, local development, and zoning overlay that promotes new/improved housing (Neighborhood Design Overlay District: Roxbury). The allure of this property is tons of living area square footage and a small, low-maintenance lot that essentially covers only the footprint of the building. There are two 4bd/1br units that both have two levels of living space and two 2bd/1br units that both have internal access to a full, unfinished basement. Capitalize on this functional multifamily with untapped potential that's set on a dead-end way in the heart of the city.
MLS Listing ID: | 73349690 |
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Listing Price: | $1,795,000 |
Listing Status: | Active [?] |
Property Type: | Multi Family |
Bedrooms: | 12 |
Full Baths: | 4 |
Living Space: | 5888 sf. |
Lot Size: | 0.06 acres (2780 sf.) |
Parking: | - |
Taxes: | $10,107.00 |
Tax Year: | 2025 |
Listing Current as of April 28, 2025 8:00am
This listing brought to you by Matthew Tulley of Coldwell Banker Realty - Milton.
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