1,800,000

House for sale Boston
Property photo number 1 of 16 Photos for Property. File  105661861_29_3c5af5145eed9b64cdafc6a752302845.jpeg

Overview

SUMMARY: Discover an opportunity with this Boston house for sale and available for 1,800,000. This could be your next ideal home or a smart investment. More details await.
Updated - Fort Hill - three-family with strong in-place income in one of Roxbury's most desirable residential neighborhoods. Generating $12,870 per month and $154,440 annually in current gross rental income and 6.64% cap rate, 114-116 Thornton Street presents an exceptional opportunity to acquire a renovated, income-producing multifamily property with a proven rental history. Spanning 3,852 square feet, the property features three spacious 4-bedroom, 2-bath residences, creating an impressive 12-bedroom, 6-bath configuration with approximately 1,284 square feet per unit. Each residence offers a generous layout with a large living room, eat-in kitchen, refinished hardwood floors and updated finishes throughout. Kitchens feature granite countertops and stainless steel appliances. Additional features include gas heat, a large shared backyard and free common laundry in the basement with two washers and two dryers. Ideally situated in Fort Hill, approximately one mile from Northeastern University, the property offers convenient access to the Longwood Medical Area, area universities, public transportation, Downtown Boston and the surrounding Roxbury and Mission Hill neighborhoods. With all three residences currently grossing $12,870 a month, 114-116 Thornton Street combines strong in-place income, renovated interiors and a desirable rental configuration with long-term investment potential.
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Details

  • Beds: 12
  • Baths: 6
  • Price: 1,800,000
  • Reference No.: 96182821
  • Area: 3,852 sqft

Location

Marketed by:

  • Mission Realty Advisors
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