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Next Open House Date:

None Upcoming. Call 508-746-8402 to schedule a private showing.

Property Description
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.
Features
: Full
Additional Info
1
No
Yes
$848,900
640 River Street
: Off-street
: City/town Sewer
: For gas range
Public Record
Active
No
Public Record
2020
$8,964
: City/town Water
All group showings will be listed as open houses, buyers need to be registered in advance
$294
Yes
RES
Actual,Renovated Since
: Other (see remarks)
No
: Natural gas
: Certified treated
: Other (see remarks)
Bridgestone Properties, LLC

640 River Street, Boston, MA 02126

640 River Street, Boston, MA 02126

12 Bedrooms
6 Bathrooms
5,448 Sqft
$1,600,000
MLS ID #72816650
Basic Details
Property Type : Multi-family
Listing Type : For Sale
MLS ID : 72816650
Price : $1,600,000
Bedrooms : 12
Bathrooms : 6
Square Footage : 5,448 Sqft
Year Built : 1920
Lot Size : 0.18 Acre
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