40 Melbourne Street

Boston, MA 02124

$1,299,000
Last Sold Price
9
Beds
6
Baths
3,264 Sq. Ft.
$398 / Sq. Ft.
3,264
Sq. Ft.
$398
per Sq. Ft.

Description

Full renovated Turnkey investment opportunity! Location-Location- Location - This 3 family is located within 0.2 miles of the Shawmut Redlline station. Each three bedroom 2 bathroom apartment unit is fully rented through 8/31/21. The residents of this 3 family enjoy condo quality finishes, 2 full-bathrooms per unit, and in unit laundry. This makes attracting renters year over year an easy task! The landlord does not have to worry about exterior or mechanical upgrades because the roof, siding, plumbing,...Full renovated Turnkey investment opportunity! Location-Location- Location - This 3 family is located within 0.2 miles of the Shawmut Redlline station. Each three bedroom 2 bathroom apartment unit is fully rented through 8/31/21. The residents of this 3 family enjoy condo quality finishes, 2 full-bathrooms per unit, and in unit laundry. This makes attracting renters year over year an easy task! The landlord does not have to worry about exterior or mechanical upgrades because the roof, siding, plumbing, electric and heating systems were all newly installed in 2016/2017. This is even a potential condo conversion! Take advantage of low interest rates and make a nice return on investment from day one!
  1. Listed by Anne Biele-McClure • Revival Realty

Property Details for 40 Melbourne Street

Town
Boston
MLS Area
Dorchester's Dorchester Center
Area
MA-Boston-Dorchester's Dorchester Center, MA-Boston
Garage Spaces
0
Parking Spaces
1.00
Parking Spaces Total
1

Location

Listing Courtesy of Revival Realty, Anne Biele-McClure

Sold By Compass, Christopher Buono

Add your commute
LISTING UPDATED: 08/06/2022 07:34 AM

Property Details for 40 Melbourne Street

StatusSold
MLS #72760191
Days on Market77
Taxes$8,764 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1905
CountySuffolk County

Location

Listing Courtesy of Revival Realty, Anne Biele-McClure

Sold By Compass, Christopher Buono

Add your commute

Virtual Tour

Building Information for 40 Melbourne Street

Stories6Residences3Year Built1905Building Size-Lot Size0.07 AC / 3,010 SF

Payment Calculator

$7,820 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

$730

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Melbourne Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Public School, T-Station
  • Current Financing: Conv. Fixed
  • Living Area: 3264.0
  • Color: gray
  • Total Units: 3
  • Property Condition: Unit 2 Remodeled, Unit 3 Remodeled
  • Waterfront: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR), Unit 2(Range, Unit 3(Range, Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Full
  • 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, Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Features: Unit 3(Bathroom With Tub), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Porch, Deck, Deck - Wood
  • Lot Description: Level
  • Patio And Porch Features: Porch, Deck, Deck - Wood
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Electric: 200+ Amp Service
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Heating: Yes
  • Sewage District: Boton
  • 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
  • Disclosures: Unit 3 rent includes $125 per month for parking. Agent is equity partner,buyer do own due diligence
Tax Information
  • Tax ID: W:16 P:01375 S:000,1302799
  • Assessments: $822,700
  • Book: 56579
  • Tax Year: 2020
  • Zoning: 3 family
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $450.00
  • GOI: $93,300.00
  • Insurance: $1,849.00
  • GRE: $16,543
  • RME: $3,500
  • NOI: $76,757.00
  • Operating Expense: $16,543.00
  • WSE: $1,980.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,825.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 40 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 40 Melbourne Street

Taxable ValueLand$252,500Additions$973,600Total$1,226,100
Tax Record2024$13,364 ($1,114 / month)
Home Facts
Baths6Total Finished SqFt3,228 SqFtAbove Grade Finished SqFt3,228 SqFtStories3Lot Size3,010 SqFtStyleTriplexYear Built1905Year Renovated2017ZoningR3CountySUFFOLKAPNDORC W:16 P:01375 S:000

Schools near 40 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

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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.

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.