$1,599,000
3106-3110 Washington Street, Boston, MA
8
Beds
3
Baths
4,280
Square feet
0.08
Acres
Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Pro-Forma upon request.
Facts & Features
| MLS® # | 73218226 |
|---|---|
| Price | $1,599,000 |
| Bedrooms | 8 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 2 |
| Square Footage | 4,280 |
| Acres | 0.08 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | 4 Family |
| Status | Active |
| Taxes | $10,323 |
| Tax Year | 2024 |
Community Information
| Address | 3106-3110 Washington Street |
|---|---|
| Area | Jamaica Plain |
| City | Boston |
| County | Suffolk |
| State | MA |
| Zip Code | 02119 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 7 |
| Basement | No |
Exterior
| Lot Description | Wooded |
|---|---|
| Windows | Insulated Windows |
| Roof | Rubber |
| Foundation | Other |
Additional Information
| Zoning | NS |
|---|---|
| Condo Fees | $0 |
| Units In Complex | 4 |
| Flooring | Tile, Hardwood |
| Road Type | Public |
| Water | Public |
| Sewer | Public Sewer |
Listing Details
| Agent | The Residential Group |
|---|---|
| Office | William Raveis R.E. & Home Services |
| Buyer Agent Compensation | 2.25 |
| Facilitator Compensation | 2.25 |
| Compensation Based On | Net Sale Price |
| Sub Agency Relationship Offered | No |