182 Calumet Street

Boston, MA 02120

$3,600,000
Last Sold Price
17
Beds
9
Baths
6,390 Sq. Ft.
$563 / Sq. Ft.
6,390
Sq. Ft.
$563
per Sq. Ft.

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

  1. Eric Johnson

    Eric Johnson

    Listing Agent

    Compass

Property Details for 182 Calumet Street

Town
Boston
MLS Area
Mission Hill
Parking Spaces Total
5

Amenities

  • Central AC
  • Central Heating
  • Deck
  • Dishwasher
  • Gas Oven
  • Total Renovation
  • Granite Kitchen Counter
  • Premium Counters

Location

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LISTING UPDATED: 06/10/2020 07:19 PM

Property Details for 182 Calumet Street

StatusSold
Days on Market-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type-
Year Built2013
Lot Size-
CountySuffolk County

Location

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Building Information for 182 Calumet Street

Stories-Residences-Year Built2013Building Size-Lot Size-Senior Community-Levels / Stories-Waterfront-

Payment Calculator

$19,647 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 182 Calumet Street

Building / Association Information
Living Characteristics
  • Total Rooms: 27

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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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.