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Listing Details
- $3,150,000
- MLS# 73535812
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Stuart St James, Inc.
Agent Name: Steve Klassner
Agency Phone: 617-819-5850
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
Home Value Estimate
Description
TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. At present, nearly 90% of the monthly rent comes from various tenant subsidy programs, which creates a turnkey operation with a stable, predictable revenue stream. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an...read more
Features
- Other
- Other
- Natural Gas
- 8.0 Stories
- $16,838 Taxes
- Public
- Built in 1925
Gallery
Listed By
Agency Name: Stuart St James, Inc.
Agent Name: Steve Klassner
Agency Phone: 617-819-5850
Shown By
Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080
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