35 Melbourne Street

Boston, MA 02124

$1,436,950
Last Sold Price
8
Beds
6
Baths
3,174 Sq. Ft.
$453 / Sq. Ft.
3,174
Sq. Ft.
$453
per Sq. Ft.

Description

Price drop of $50,000 Turnkey 35 Melbourne is fully occupied 4-Unit transit oriented investment property fully rented through 8/31/2021. This property is a true turnkey investment taking in $105,540 per year or roughly $9K per month. The location is perfect for renters, making it a great long term investment near the Shawmut Redline Station (0.2 mile walk). The property went through an extensive renovation in 2018 which included a new construction entire third floor addition. That renovation also...Price drop of $50,000 Turnkey 35 Melbourne is fully occupied 4-Unit transit oriented investment property fully rented through 8/31/2021. This property is a true turnkey investment taking in $105,540 per year or roughly $9K per month. The location is perfect for renters, making it a great long term investment near the Shawmut Redline Station (0.2 mile walk). The property went through an extensive renovation in 2018 which included a new construction entire third floor addition. That renovation also included new kitchens, new roof, new windows, upgraded bathrooms, sprinkler system, fire alarm and new hardi-plank siding. There is room to increase rents, and there is upside to this is investment especially with expansion potential in the basement. Buyer to due diligence, serious inquiries only. Take the virtual tour! This property is contigent due to financing.. Seller is taking backup offers subject to financing
  1. Listed by Anne Biele-McClure • Revival Realty

Property Details for 35 Melbourne Street

Town
Boston
MLS Area
Dorchester's Dorchester Center
Area
MA-Boston-Dorchester's Dorchester Center, MA-Boston
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Revival Realty, Anne Biele-McClure

Sold By Boston Bayside Properties, LLC, Michael Harrison

Add your commute
LISTING UPDATED: 08/06/2022 07:28 AM

Property Details for 35 Melbourne Street

StatusSold
MLS #72699347
Days on Market70
Taxes$4,585 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Side by Side
Year Built1960
CountySuffolk County

Location

Listing Courtesy of Revival Realty, Anne Biele-McClure

Sold By Boston Bayside Properties, LLC, Michael Harrison

Add your commute

Building Information for 35 Melbourne Street

Stories6Residences4Year Built1960Building Size-Lot Size0.06 AC / 2,442 SF

Payment Calculator

$8,224 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,842

Property Taxes

$382

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 35 Melbourne Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Public School, T-Station
  • Current Financing: Other
  • Living Area: 3174.0
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Renovated Since
  • Year Built Source: Builder
Features
Interior Features
  • Appliances: Unit 1(Range, Disposal, Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR), Unit 2(Disposal, Unit 3(Microwave, Unit 4(Microwave, Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Concrete Floor, Unfinished Basement
  • 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: Hardwood
  • Interior Features: Unit 1 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Unit 1 Laundry Room
Exterior Features
  • Construction: Frame
  • Roof Material: Asphalt/Composition Shingles
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(Central Air)
  • Cooling: Yes
  • Electric: 200+ Amp Service
  • Heating: Unit 1(Gas)
  • Heating: Yes
  • Sewage District: metro
  • 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
  • Disclosures: Agent is equity partner,buyer do own due diligence,and rents are as of Sept 1 2020. Pro forma expenses
Tax Information
  • Tax ID: W:16 P:01423 S:000,1302863
  • Assessments: $430,900
  • Book: 661
  • Tax Year: 2020
  • Zoning: 3f-D-3000
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Electricity: $240.00
  • Annual Expenses Source: Projected
  • GOI: $104,100.00
  • Insurance: $2,390.00
  • GRE: $20,533
  • HTE: $0
  • RFS: $1,200
  • NOI: $104,100.00
  • Operating Expense: $20,533.00
  • WSE: $3,300.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Levels U3: 2
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,795.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 35 Melbourne Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 35 Melbourne Street

Taxable ValueLand$154,900Additions$299,600Total$454,500
Tax Record2024$4,954 ($413 / month)
Home Facts
Total Finished SqFt2,392 SqFtAbove Grade Finished SqFt2,392 SqFtStories2Lot Size2,442 SqFtStyleMulti-Family Res (5+ Units)Year Built1960Year Renovated2018ZoningR4CountySUFFOLKAPNDORC W:16 P:01423 S:000

Schools near 35 Melbourne Street

This home is within Boston School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 6 to 12
Public - PK to 3
Public - 2 to 12
Rating
School
Distance
Henderson Inclusion Elementary School
PublicPK to 1

Techboston Academy
Public6 to 12

Lee Academy
PublicPK to 3

Henderson K-12 Inclusion School Upper
Public2 to 12

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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.

Listing Courtesy of Revival Realty, Anne Biele-McClure

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.