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175 Hancock Street, a 6.44% cap rate on current income, is a three-story building containing five units consisting of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units in 5,237 square feet of living area in 8,078 square feet of total gross area on a large, 0.21-acre corner lot. Majority of units renovated and has off-street parking for up to 7 cars. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Welli1ngton stations on the MBTA’s Orange Line.

MLS Listing ID: 73035702
Listing Price: $1,595,000
Listing Status: Active [?]
Property Type: Multi Family
Bedrooms: 7
Full Baths: 5
Living Space: 5237 sf.
Lot Size: 0.21 acres (9121 sf.)
Parking: Yes
Taxes: $11,491.00
Tax Year: 2022

Listing Current as of October 03, 2022 2:00pm

This listing brought to you by John Pentore of Horvath & Tremblay.

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