Great investment opportunity at The Hillcrest, this four-story brick building offers a substantial almost 14,000 square feet of living space on a 0.32-acre lot. The property comprises 16 residential units, providing 15 two-bedroom units and 1 one-bedroom unit and 16 parking spaces. Each unit is equipped with electric heating, simplifying maintenance by eliminating the costs associated with traditional heating systems. Residents benefit from off-street parking, with almost one space available per unit. The building's proximity to Roslindale Village station and multiple MBTA Bus routes ensures convenient access to the wider Boston. The current cap rate is over 5%, with potential for revenue enhancements through possible rent increases.
13,800 Sq Ft
0.32 Private Acres Exterior Space
Investment
$30,406 Annual Tax
Built in 1970
MLS/Listing ID 73344869
9 Stories
16 Units
Parking - Assigned
Parking - Paved
Lot - Level
Living Room
Bathroom with Tub and Shower
High Speed Internet
Heating - Unit Control
Concrete Perimeter
Construction - Brick
Range Hood
Rubber
Listing Courtesy of BOSTON PLEX, DANIEL S. LEE - 617-899-8529
Source of Data: MLS PROPERTY INFORMATION NETWORK