182 Calumet Street
182 Calumet Street
$3,600,000
17
9
6,390
6,390
$563
Private Exclusive
Sold 6/10/20
Description
Rare opportunity to purchase 2 adjacent two-family buildings, comprised of 4 units with garage and driveway parking. The property is currently generating $19,700.00 in rental income per month. This is a package deal with a solid 5.5 capitalization rate and there is room to further increase the rents in September of 2020. 182-184 Calumet was built from the ground up in 2013 and 186-188 Calumet was completely gut renovated with a structural remodel in 2013. Both buildings combined have a total of 17...Rare opportunity to purchase 2 adjacent two-family buildings, comprised of 4 units with garage and driveway parking. The property is currently generating $19,700.00 in rental income per month. This is a package deal with a solid 5.5 capitalization rate and there is room to further increase the rents in September of 2020. 182-184 Calumet was built from the ground up in 2013 and 186-188 Calumet was completely gut renovated with a structural remodel in 2013. Both buildings combined have a total of 17 bedrooms and 9 bathrooms with all new mechanical, electrical, plumbing, windows, roof, siding, and blown in insulation. Each unit has open layouts, modern kitchens with stainless appliances and granite counters, hardwood floors throughout and laundry in unit. 182-184 Calumet consists of a 4 bed, 2 bath and 5 bed, 3 bath unit with an attached 2 car garage and additional off-street driveway parking. 186-188 Calumet consists of two 4 bed, 2 bath units with 3 off-street, driveway parking spaces. All leases go through August 31, 2020 and have 6 years of stable rental history. Projected rents next year are expected to go up by 5% over this year's rents. Currently there are 2 vacant parking spaces at 186-188 Calumet - market rent for each space is about $175/mo. Further increase income by charging for garage parking instead of including them in monthly rent prices. On our property website you will find virtual tours, floor plans, historical rents, current rents, projected rents and the income and expense report for each property the website is 182-188calumet.com
Listing Agent
Property Details for 182 Calumet Street
Town
Boston
MLS AreaMission Hill
Parking Spaces Total5
Amenities
- Central AC
- Central Heating
- Deck
- Dishwasher
- Gas Oven
- Total Renovation
- Granite Kitchen Counter
- Premium Counters
Location
LISTING UPDATED: 06/10/2020 07:19 PM
Property Details for 182 Calumet Street
Status | Sold |
---|---|
Days on Market | - |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | - |
Year Built | 2013 |
Lot Size | - |
County | Suffolk County |
Location
Building Information for 182 Calumet Street
Stories-Residences-Year Built2013Building Size-Lot Size-Senior Community-Levels / Stories-Waterfront-
Payment Calculator
$19,647 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 182 Calumet Street
Schools near 182 Calumet Street
This home is within Boston School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 | |||
Public - | PK to 1 |
Rating | School | Distance |
---|---|---|
Tobin K-8 School PublicPK to 8 | ||
Fenway High School Public9 to 12 | ||
James W. Hennigan School PublicK to 8 | ||
Elc - West Zone PublicPK to 1 |
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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