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837 River St
16 Unit Apartment Building Offered at $4,350,000 at a 5% Cap Rate in Boston, MA
Highlights
- Located on bus line and walking distance to three train stations into Boston
Investment Summary
The apartments located at 837 River Street, Hyde Park MA is comprised of 16 units (14-two bedroom and 2-one bedrooms) totaling 14,720 rentable square feet in a 3.5 story brick garden style building built in 1965. Tenants pay heat (electric baseboard) and owner provides hot water (gas). Located on the bus line and approximately a mile from three train stations into Boston. There is upside potential in the rents and hookups for coin-op laundry (listed as other income in potential). Units 2 and 7 have applicants through Boston Housing at a rent of $2000-2100 month. Unit 14 is under renovation and expected to be rented through BHA. Buyer must drive by property first before scheduling a showing. Showings are weekdays only. Contact Jim Barry at 617-804-0137 to schedule.
The Offering Under Contract
| Price | $4,350,000 | Property Type | Multifamily |
| Sale Type | Investment | Apartment Style | Garden |
| Cap Rate | 5.00% | Building Size | 14,720 SF |
| Gross Rent Multiplier | 14.86 | No. Stories | 4 |
| No. Units | 16 | Year Built | 1965 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | Sq. Ft. |
|---|---|---|---|
| 2+1 | 14 | $1,600 | N/A |
| 1+1 | 2 | $1,075 | N/A |
Transit/Subway |
||
|---|---|---|
|
Mattapan Station
(Ashmont Mattapan High Speed Line)
|
19 min walk | 1.0 mi |
Commuter Rail |
||
|---|---|---|
|
Fairmount Commuter Rail (Fairmount Line)
|
3 min drive | 1.1 mi |
|
Hyde Park Commuter Rail (Franklin, Providence/Stoughton Lines)
|
4 min drive | 1.2 mi |
Airport |
||
|---|---|---|
|
Logan International Airport
|
22 min drive | 10.8 mi |
Walk Score ®
54
Somewhat Walkable
Transit Score ®
55
Good Transit
Bike Score ®
63
Bikeable
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.
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