Great investment opportunity at The Hillcrest, this four-story brick building offers a substantial almost 14,000 square feet of living space on a 0.32-acre lot. The property comprises 16 residential units, providing 15 two-bedroom units and 1 one-bedroom unit and 16 parking spaces. Each unit is equipped with electric heating, simplifying maintenance by eliminating the costs associated with traditional heating systems. Residents benefit from off-street parking, with almost one space available per unit. The building's proximity to Roslindale Village station and multiple MBTA Bus routes ensures convenient access to the wider Boston. The current cap rate is over 5%, with potential for revenue enhancements through possible rent increases.
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Location
237 Cummins Hwy, Boston, MA 02131
Status
Sold
Property Amenities
Area & Lot
Total area13,800 Sq.Ft.
Lot Area0.32 Acres
Living area13,800 Sq.Ft.
MLS® ID73344870
Year Built1970
TypeCommercial
StatusSold
Exterior
RoofRubber
UtilitiesPublic Water, Public Sewer
Finance
Sales Price$5,600,000
Real Estate Tax$30,406 yearly
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