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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

  • Listing ID: 17480395
  • Date Created: 10/17/2019
  • Last Updated:

Links

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
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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