NEW PRICE, ONLY $985K! ESTIMATED (CONSERVATIVE) CAP RATE OF 8%!!! WE HAVE MULTIPLE PARTIES INTERESTED IN RENTING RETAIL SPACES. PERFECT 1031 EXCHANGE OR OWNER OCCUPANT OPPORTUNITY. THE BEST INVESTMENT PROPERTY ON THE SOUTH SHORE! Includes approx 2000 sq ft NOT LISTED IN SQUARE FOOTAGE! Two 2 bedroom residential units & 2 retail units. Complete renovation (see attached documents) including: New roof, new windows, 2 totally new kitchens, fresh paint inside/out, 2 new Navien heating systems, the list goes on & on. Solid construction has been updated to EXCEED THE EXPECTATIONS of today’s buyers/investors. Apartments are approximately 850 sq feet each, w/ bonus 800 sq ft walkup 3rd floor. Each retail unit is approx. 940 sq ft, PLUS 900sq ft bonus walkup for offices/storage. Parking for 10-12 cars, No flood insurance required due to the owner's diligence & foresight. Sidewalks to Walgreens (2 mins) & 3 min walk to SOUTH RIVER SCHOOL, .5 miles to Webster Square w/ restaurants & shopping.
4,576 Sq Ft
0.43 Private Acres Exterior Space
Other
$8,098 Annual Tax
Built in 1900
MLS/Listing ID 73319607
3 Stories
4 Units
Living Room
Mudroom
Stream
Beach Front
Waterfront
Rubber
Lot - Wooded
Bathroom with Tub and Shower
Upgraded Countertops
Upgraded Cabinets
Stone/Granite/Solid Countertops
Crown Molding
Irregular
Slab
Concrete Perimeter
Hardwood
Construction - Stone
Screens
Harbor
Washer Hookup
Electric Dryer Hookup
River
Creek
Private
Listing Courtesy of THE SOBRAN GROUP, EVAN SOBRAN - 617-548-3680
Source of Data: MLS PROPERTY INFORMATION NETWORK