31 Oakwood Street, Boston, MA 02124 (MLS # 72247216)

Price $925,000
Status Active
Beds 12
Baths 6 baths
Home size 4,140 sq ft
Lot Size 4,791 sqft
THIS ABSOLUTELY BEAUTIFUL 3 DECKER WAS BUILT FROM GROUND UP IN 2006 AND IS THE VERY DEFINITION OF A HASSLE FREE INVESTMENT PROPERTY. WITH EVERYTHING NEW IN 2006 AND EVERYTHING DONE RIGHT ALL THE NEW OWNER NEEDS TO DO IS DECIDE IF THEY WANT TO COLLECT CURRENT SUBSIDIZED TENANTS 3 BEDROOM RENTS OF $6,259 PER MONTH AND PURSUE THE USUAL ANNUAL INCREASES OR IF THEY WANT TO CONVERT THE UNITS TO 4 BEDROOMS WHENEVER THERE IS A TURNOVER AND INCREASE THE MONTHLY RENTAL POTENTIAL FOR EACH UNIT BY 12% WITH THE ADDITIONAL BEDROOM. THE CURRENT OWNER HAS DONE IT ALL, FROM RENTING TO THE RIGHT TENANTS TO THE BUILDING OF THE PROPERTY ITSELF AND THIS PRIME ASSET IS POISED FOR A SAVVY INVESTOR TO SNATCH IT UP AND SET BACK WHILE THEY LET THEIR MONEY EARN THEM MORE MONEY EACH AND EVERY MONTH!!! ALL UNITS HAVE CENTRAL AC AND TWO FULL BATHROOMS ALONG WITH HARDWOOD FLOORS AND WALK IN CLOSETS. THE QUALITY AND CONDITION OF THIS PROPERTY ALSO PROVIDES A FUTURE CONDO CONVERSION OPPORTUNITY DOWN THE ROAD AS WELL.
Property Type(s): Multi Family

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Listing provided by Benjamin Virga, Bridgestone Properties, LLC
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