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4337-4341 Washington Street, Boston MA 02131, Boston, Commercial Sale

$ 1,879,000
4337-4341 Washington Street, Boston MA 02131,
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Overview

  • Updated On:
  • September 6, 2022
  • 3,168 ft2

Description

ATTENTION INVESTORS & DEVELOPERS: Insight Realty Group, Inc. is 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!

Address: 4337-4341 Washington Street, Boston MA 02131
City:
State/County:
Zip: 02131
Country: US
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Property Id : 185940
Price: $ 1,879,000
Property Size: 3,168 ft2
Property Lot Size: 0 ft2
MLSAreaMajor: Roslindale
Business Type: Commercial
Listing ID: 73032359
MLS Status: New
Last Modified: 2022-09-06T13:13:00.000Z
Original List Price: 1879000
Street Name: Washington Street
Street Number: 4337-4341
Utilities: Public Water, Public Sewer

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