464 Sumner Street

Boston, MA 02128

$2,495,000
Price
11
Beds
8
Baths
4,778 Sq. Ft.
$522 / Sq. Ft.
4,778
Sq. Ft.
$522
per Sq. Ft.

Description

Welcome to 464 Sumner Street, your next lucrative investment opportunity in Jeffries Point, East Boston! This recently gut-renovated4-family has a brand new construction addition and is a gem. A Great opportunity to grow your portfolio and secure your financial future. No expense spared withcondo-quality finishes including European-inspired kitchens, hardwood floors, central heat/AC, and in-unit laundry, open-conceptlayouts designed for modern living. Tremendous opportunity for rent growth with high...Welcome to 464 Sumner Street, your next lucrative investment opportunity in Jeffries Point, East Boston! This recently gut-renovated4-family has a brand new construction addition and is a gem. A Great opportunity to grow your portfolio and secure your financial future. No expense spared withcondo-quality finishes including European-inspired kitchens, hardwood floors, central heat/AC, and in-unit laundry, open-conceptlayouts designed for modern living. Tremendous opportunity for rent growth with high demand luxury units. Situated near Piers Park, public transit,highways, and the marina, this property offers the perfect blend of convenience and desirability.
  1. Listed by Zachary Conley • NextGen Realty, Inc.
  2. Listed by Kimberly Donovan • NextGen Realty, Inc.

Property Details for 464 Sumner Street

Town
Boston
MLS Area
East Boston
Area
MA-Boston-East Boston, MA-Boston
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of NextGen Realty, Inc., Zachary Conley; NextGen Realty, Inc., Kimberly Donovan
Add your commute
LISTING UPDATED: 05/01/2024 03:33 PM

Property Details for 464 Sumner Street

StatusContingent
MLS #73221816
Days on Market22
Taxes$12,800 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Up/Down
Year Built1896
CountySuffolk County

Location

Listing Courtesy of NextGen Realty, Inc., Zachary Conley; NextGen Realty, Inc., Kimberly Donovan
Add your commute

Building Information for 464 Sumner Street

Stories10Residences4Year Built1896Building Size-Lot Size0.06 AC / 2,500 SF

Payment Calculator

$14,683 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,616

Property Taxes

$1,067

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 464 Sumner Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, Marina, Public School, T-Station, University
  • Living Area: 4778.0
  • Color: grey/black
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Other (See Remarks)
  • Exterior Features: Other (See Remarks)
  • Lot Description: Other
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Electric: 110 Volts
  • Green Energy Efficient: Other (See Remarks)
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Rents posted are at renewal prices.Current rents are 2750,3975,4150,4150. 2 tenants have renewed for 9/1/2025 @ 4250 and 4225. If tenants don't renew rents will go to 3325,4250,4350 &4350. Disclosure: Info deemed true,buyer/buyer agent must verify.
Tax Information
  • Listing Terms: Other (See Remarks)
  • Tax ID: 1329321
  • Assessments: $1,164,300
  • Book: 0
  • Tax Year: 2024
  • Zoning: 4-6 unit
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 10
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Electricity: $500.00
  • Annual Expenses Source: Owner
  • GOI: $151,760.00
  • Gross Scheduled Income: $.00
  • Insurance: $4,773.00
  • GRE: $28,539
  • HTE: $0
  • MGF: $0
  • RFS: $0
  • RME: $5,400
  • NOI: $121,596.00
  • Operating Expense: $28,539.00
  • WSE: $3,100.00
Complex & Association Information
  • Adult Community: No
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
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 4
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $15,650.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 2.5

Property History for 464 Sumner 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 464 Sumner Street

Taxable ValueLand$195,500Additions$990,700Total$1,186,200
Tax Record2023$12,740 ($1,062 / month)
Home Facts
Baths3Total Finished SqFt4,778 SqFtAbove Grade Finished SqFt4,778 SqFtStories3Lot Size2,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1896Year Renovated2020ZoningR4CountySUFFOLKAPNEBOS W:01 P:05116 S:000

Schools near 464 Sumner Street

This home is within Boston School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 8
Public - 9 to 12
Public - PK to 1
Rating
School
Distance
Adams Elementary School
PublicPK to 6

McKay K-8 School
PublicPK to 8

East Boston High School
Public9 to 12

East Boston Early Childhood Center
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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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of NextGen Realty, Inc., Zachary Conley; NextGen Realty, Inc., Kimberly Donovan

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.