4337-4341 Washington Street

Boston, MA, 02131

$1,879,000

$593 per ft²
$1,879,000
$593 per ft²
Active
Active
 - For Sale
carpenters-square
3,168 ft²
property_type
Commercial
calendar
Built 1960
ATTENTION INVESTORS & DEVELOPERS: we are proud to present this exclusive 5 Unit Commercial Building at the gateway to Roslindale Village! This is a rare and unique offering with immediate income and tremendous upside potential for future redevelopment. This two-level brick building on a busy corner offers 5 commercial storefronts at street level on Washington Street and lower-level garage bays and off-street parking on Albano Street. The property is a perfect candidate for a mixed-use residential/commercial redevelopment with plenty of garage & off-street parking at the rear accessed via Albano Street. The current rents are $111,600/year with expenses of $21,908 and an NOI of $89,682 with an estimated cap rate of 5%. Current rents are below market and 3 out of 5 units are TAW. The business owner of the Liquor store may be willing to participate in the sale of the Liquor store license and business along with the building. A perfect opportunity for a 1031 exchange!
MLS® ID:
73032359
Listed:
9/5/22
Updated:
10/3/22

Exterior/Building Features

Lot Size
6,341 ft² lot

Other Property Details

Area Name
Roslindale
Taxes
$16760.4
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Suffolk
Utilities
Public Water, Public Sewer
Pool
No
Zoning
2F-5000

 

Courtesy of Michael McGuire, Insight Realty Group, Inc.

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Data last updated 8:52 AM UTC, 10/3/22

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