Sold
640 River St, Boston, MA
Boston · MA 02136
- $1,490,000
- Price
- 12
- Beds
- 6
- Baths
- 5448
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
6 Units
Lot size:
7,797 Sq.Ft Lot
Price per square foot:
$294 / Sq.Ft
Parking:
6 Off Street Spaces
About this home
Very well maintained 6 family in a great location generating very consistent rental income today with the potential for substantial rental increases without any capital improvements required. This 6 family has all 4 room, 2 bed and 1 bath units with 5 of the 6 units currently rented to subsidized tenants. New owner will benefit from the long time current owner empowering his property manager to maintain this property the right way. With off street parking and well laid out units this property currently generates over ten thousand five hundred dollars a month. However, recent HUD increases in Mattapan have paved the way for this property to see a jump of close to two thousand dollars a month simply by increasing the current subsidized tenants up to the new payment standard. Allows a buyer to pursue this property being offered at the current market value and see a significant increases in value shortly after purchase simply via paperwork and nothing else.
Neighborhood & Transit
Mattapan
640 River St, Boston · MA 02136
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Mattapan Mattapan 0.36 mi
-
Blue Hill Avenue Commuter Rail 3 routes 0.48 mi
- Fairmount Line
- Franklin/Foxboro Line
- Providence/Stoughton Line
Price Insight
- Days on Market:
- 2025 days
- Listing Price:
- $1,600,000
- Price per Sq.Ft:
- $294
- Tax Assessment:
- $848,900 in 2020
- Taxes:
- $747 / Monthly
Home Facts
Interior Features
- Bedrooms
- 12
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 5,448 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 7,797 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Sheila Traphagen
- Listing office
- Bridgestone Properties, LLC
- MLS PIN #
- 72816650
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