7 Wenham St Boston, MA SOLD
$2,850,000
Beds 15
Baths 8
Square Feet 5,312
Acres 0.13
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Sold By
Tim McGeary, Northeast Private Client Group, LLC
Description
The Wenham Street Multifamily comprises (1) three bedroom / two bathroom & (3) four bedroom / two bathroom units. Tenants are responsible for their electric and gas, and water/sewer is newly submetered for rebilling on future leases. The Wenham Street Multifamily has undergone a complete renovation and is a turnkey/new construction property. The Wenham Street Multifamily boasts condo quality finishes, an in-unit laundry, and outdoor space. It is near numerous shops, restaurants, and public transit.The Wenham Street Multifamily provides an investor the opportunity to acquire a turn-key property with the ability to raise rents to market levels and potentially convert the fourth floor unit from a three bedroom to a four bedroom unit, adding to potential market upside.Pro Forma Income $232,800 Pro Forma Expenses $36,474 Pro Forma NOI $193,205 Pro Forma Cap Rate 6.28%
Listed by Northeast Private Client Group, LLC, Tim McGeary
Sold by Northeast Private Client Group, LLC, Tim McGeary
Details
MLS 73354533
Status Closed
Price $2,850,000
DOM 33 days
Type Multi-Family
Beds 15
Baths 8 full baths
Square Feet 5,312 sqft
Lot Size 0.13 acres
Year Built 1900
Lot & Building Features
Construction Frame
Cooling Central Air
Heating Forced Air, Natural Gas
Sewer Public Sewer
Tax Year 2025
Taxes Paid $19,599
Water Individual Meter, Public
Foundation Stone
Exterior Features Rain Gutters, Sprinkler System
Interior Features Dining Room, Living Room, Laundry Room, Kitchen
Roof Shingle
Full Baths 8
Parking On Street
Total Rooms 24
Garage Spaces 0
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.