Adamson St Unit 78a, Boston, Massachusetts 02134

$295,000
1,620
SqFt
List Price
$295,000
Price Change
▲ $20,000 1628371785
MLS#
72874580
Sq. Ft
1,620
Lot Size
5,898
County
Suffolk
Year Built
1905
Status
UNDER AGREEMENT

Property Description

The building is constructed of cement blocks and brick with steel I beams supporting the wood frame roof and a rubber roof membrane. The garage doors are made of wood and operate but could use maintenance and paint. Driveway is newer blacktop. The owners utilize 3 garages. The remaining 6 are rented on a month to month basis to mostly long-term tenants at substantially less than market value. Great cash flow - Potential gross rental income based on a very modest $250 per month per garage would be $27000 annually less about $3000 for taxes, insurance and maintenance could easily net $24000 annually. Previous owner used the property to garage his antique auto collection. This unique property has great potential for all kinds of storage or other uses in addition to yielding great cash. Maybe even conversion possibilities?

Additional Information

Days on Market
58
Taxes
$1,338
Tax Year
2021
Construction
Brick, Stone/Concrete, Steel
Parking Spaces
9
Acres
0.14
Price Per Sqft
$182
Disclosures
Frontage is a 13 feet driveway on Adamson St. to access to garages. The 3 family home at 78-80 Adamson St has a right of way to the driveway. Property could use paint on trim around the doors and the overhead doors. Doors operate but could use maintenance. Buyer & agent to perform own due diligence

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Richard Mudarri from Richard Mudarri, Broker

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