51 Montebello Rd

5,246 Sq. Ft.
$274 / Sq. Ft.
5,246
Sq. Ft.
$274
per Sq. Ft.

Description

Unique turnkey opportunity to own a cash flowing well maintained 6 family & turn it into condos down the line. One of the last 6 Family Houses not yet turned condo in JP! Projected 7.4% CAP Rate assuming market rate rents of 2K/unit (144K/yr gross income). Currently all below market rate (5 TAW, 1 lease) bringing in ($97,500/yr current income). Located in an up-and-coming neighborhood so get in while the values are still improving. One boiler w/ 6 zones. Plenty of recent property improvements include:...Unique turnkey opportunity to own a cash flowing well maintained 6 family & turn it into condos down the line. One of the last 6 Family Houses not yet turned condo in JP! Projected 7.4% CAP Rate assuming market rate rents of 2K/unit (144K/yr gross income). Currently all below market rate (5 TAW, 1 lease) bringing in ($97,500/yr current income). Located in an up-and-coming neighborhood so get in while the values are still improving. One boiler w/ 6 zones. Plenty of recent property improvements include: New/Newer: full retaining wall, maintained & painted exterior/structure, roof, porches, windows, kitchens, baths, floors. Easy to rent 2 BR's each with nice EIK w/ dishwasher & deep pantry, combined DR/LR, well kept tiled bathroom, hardwood floors & porches. Approximately 1/2 mile to either Green St Station or Stony Brook Station. Walk Score of 88. Full basement with coin-op laundry. Has nearly all that a typical 2 BR tenant seeks including easy on St parking w/o a permit.

Listing Agent

  1. Josh Brett

    Josh Brett

    Listing Agent

    Compass

    josh.brett@compass.com

    P: (617)-543-4185

Property Details for 51 Montebello Road

Town
Boston
MLS Area
Jamaica Plain
Area
MA-Boston-Jamaica Plain, MA-Boston
Garage Spaces
0
Open Parking Spaces
.00
LISTING UPDATED: 08/06/2022 05:50 AM

Property Details for 51 Montebello Road

StatusSold
MLS #71562014
Days on Market25
Taxes$7,250 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1945
CountySuffolk County

Location

Listing Courtesy of Compass, Josh Brett

Sold By Compass, Tara Wilstein

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Building Information for 51 Montebello Road

Stories9Residences6Year Built1945Building Size-Lot Size0.12 AC / 5,301 SF

Payment Calculator

$7,568 per month

30 year fixed, 6.11% Interest

Principal and Interest

$6,964

Property Taxes

$604

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 51 Montebello Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Tennis Court, Park, Walk/Jog Trails, Golf Course, Bike Path, Highway Access, Public School, T-Station, University
  • Current Financing: Cash
  • Living Area: 5246.0
  • Color: Blue
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Refrigerator, Freezer), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Gas Range
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Hardwood
  • Interior Features: Unit 1(Pantry), Unit 2(Pantry), Unit 3(Pantry), Unit 4(Pantry), Unit 1 Rooms(Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen, Unit 4 Rooms(Kitchen
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Stone
  • Exterior Features: Porch
  • Lot Description: Other
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC), Unit 4(Window AC)
  • Cooling: Yes
  • Electric: 220 Volts, Circuit Breakers, Individually Metered
  • Heating: Unit 1(Hot Water Baseboard, Oil, Unit Control), Unit 2(Hot Water Radiators, Oil), Unit 3(Hot Water Baseboard, Unit 4(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: W:11 P:02400 S:000,1350803
  • Assessments: $556,000
  • Book: 0
  • Tax Year: 2012
  • Zoning: RES
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 1
Income / Expenses
  • Annual Expenses Source: Accountant
  • GOI: $13,200.00
  • GRE: $33,000
  • NOI: $13,200.00
  • Operating Expense: $33,000.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,175.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 51 Montebello Road

DateEvent & SourcePriceAppreciation
Oct 24, 2013

Sold (Public Record)

Public Record #371269473

$1,435,000

+16.8% / yr

Oct 24, 2013

Sold

MLS PIN #71562014

$1,435,000—
Aug 10, 2013

Contingent

MLS PIN #71562014

—
Jul 26, 2013

Listed (Active)

MLS PIN #71562014

$1,499,000—
Jan 13, 1994

Sold (Public Record)

Public Record #99998442

$66,000

-29.0% / yr

Jun 29, 1992

Sold (Public Record)

Public Record #99999642

$112,000—
DateEvent & SourcePrice
10/24/2013

Sold (Public Record)

Public Record #371269473

$1,435,000

+16.8% / yr

10/24/2013

Sold

MLS PIN #71562014

$1,435,000
08/10/2013

Contingent

MLS PIN #71562014

—
07/26/2013

Listed (Active)

MLS PIN #71562014

$1,499,000
01/13/1994

Sold (Public Record)

Public Record #99998442

$66,000

-29.0% / yr

06/29/1992

Sold (Public Record)

Public Record #99999642

$112,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 51 Montebello Road

Taxable ValueLand$350,400Additions$503,700Total$854,100
Tax Record2025$9,890 ($824 / month)
Home Facts
Total Finished SqFt5,246 SqFtAbove Grade Finished SqFt5,246 SqFtStories3Lot Size5,301 SqFtStyleMulti-Family Res (5+ Units)Year Built1945ZoningR4CountySUFFOLKAPNJAMA W:11 P:02400 S:000

Schools near 51 Montebello Road

This home is within Boston Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Hernandez K-8 School
PublicPK to 8

Egleston Community High School
Public9 to 12

Community Academy
Public9 to 12

Mendell Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Josh Brett

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.