309 R Sumner

Boston, MA, 02128

$1,999,900

$611 per ft²
$1,999,900
$611 per ft²
Active
Active
 - For Sale
beds
6 Beds
baths
5 Baths
carpenters-square
3,272 ft²
property_type
Multi-family
calendar
Built 1899
An outstanding stabilized opportunity in the heart of Jeffries Point. Completely renovated with condo grade finishes this five family consists of two bi-level 1-bedroom units, two functional studios, and one spacious 2-bedroom. These designer pads feature upgraded kitchens with quartz countertops and stainless steel appliances, bright baths with marble tiling, generous rear decks, central heating/cooling, in-unit washer/dryers, recessed lighting and hardwood floors throughout. This turnkey 4.5% cap has all utilities separate and generates over $133,000 in rental income with room to grow. Located moments from Maverick MBTA stop, downtown Boston and the airport, this property gives an intelligent investor the option to either keep long term tenants or massively increase cashflow by renting short/mid term, as well as the choice to sell out as condos. A rare chance to capitalize on a profitable asset in one of Boston's highest appreciating neighborhoods.
MLS® ID:
73047119
Listed:
10/11/22
Updated:
3/26/23
Gibson Sotheby’s International Realty
Beth Dickerson

Interior Features

Kitchen Appliances
Electric Water Heater, Utility Connections for Gas Range
Total Bedrooms
6
Full Bathrooms
5
Laundry Description
Washer Hookup
Floor Description
Wood

Exterior/Building Features

Lot Size
2,466 ft² lot
Exterior Features
Rain Gutters, Deck
Lot Details
Level
Roof
Rubber
Sewer
Public Sewer

Other Property Details

Area Name
East Boston's Jeffries Point
Taxes
$12680
Tax Frequency
per YEAR
Association Amenities
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
Garage
No
Parking
N
View
N
County
Suffolk
Utilities
for Gas Range, Washer Hookup
Water Source
Public
Pool
No
Total Stories
9
Zoning
3F-2000
Buyer Agency Compensation
2%
Transaction Broker Compensation
1%
Compensation Based On
Gross/Full Sale Price
Sub Agency Relationship Offered
No

Property History

Date
Event
Price
Value
11/8/22
Price Change
$2,099,900
-4%
1/18/23
Price Change
$2,049,900
-2%
3/6/23
Price Change
$1,999,900
-2%

 

Courtesy of Karina Mejia, EVO Real Estate Group, LLC

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Data last updated 9:11 PM UTC, 3/26/23

Gibson Sotheby’s International Realty
Beth Dickerson
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