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SOLD 9/15/2022

175 Florence Street, Boston, MA 02131$1,215,000

8
beds
4
baths
3080
ft2
· 5449
ft2 lot
$394 / ft2

Listing provided courtesy of Listing Broker: Steven Musto, Insight Realty Group, Inc.
Source MLS PIN;
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ATTENTION INVESTORS: STUNNING, NICELY UPDATED 4-UNIT BUILDING IN A TOP ROSLINDALE VILLAGE LOCATION!!! THIS BUILDING IS A CASH COW AND TURNKEY FOR THE NEXT OWNER. MANY RECENT UPDATES: NEW ROOF, NEW HIGH-EFFICIENCY GAS BOILER, NEW APPLIANCES & GRANITE COUNTERS IN THE KITCHENS, LEAD INSPECTION COMPLIANCE LETTERS IN HAND, 4 CAR GARAGE + OFF-STREET PARKING & REAR PORCHES! THIS IS A GREAT TROPHY BUILDING THAT OFFERS A TOP LOCATION NEAR ROSLINDALE VILLAGE AND THE COMMUTER TRAIN TO BOSTON!!! UNIT MIX IS (4) 2-BEDROOM APARTMENTS WITH 4 FULL BATHS. INCOME IS $111,240/YEAR WITH EXPENSES OF $27,067. THE NOI IS $84,173. THE ESTIMATED CAP RATE IS 6%. THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD. THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!

HOA

No HOA

On market

2 months

Year built

1970

Property type

4 Family

Parking

8

MLS

73002876

Price / Sq.Ft.

$394 / ft2

Status

Sold

Buyer’s Brokerage Commission

2%

Home details for 175 Florence Street

Interior Features & Layout
Rooms Info
•   
Total Levels: 2, 6, 4
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 1, 1
•   
Total Levels Unit 3: 2, 1
•   
Total Levels Unit 4: 1
•   
Total Rooms Unit 1: 4
•   
Total Rooms Unit 2: 4
•   
Total Rooms Unit 3: 4
•   
Total Rooms Unit 4: 4
•   
Total Rooms: 16, 16, 16
Flooring
•   
Unit 4 Floor Level: 2
•   
Flooring: Wood
Bedrooms Info
•   
Total Beds: 8
•   
Unit 4 Beds: 2
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 2
•   
Unit 1 Beds: 2
Bathrooms Info
•   
Full Baths: 4, 4
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 4
Exterior Features
•   
Color: Brick/Tan
•   
Building Exterior Details: Vinyl, Porch
Property Type
•   
Property Type: 4 Family
•   
Mls Prop Type: 4 Family
•   
Mls Property Type: Multi-family
Parking Info
•   
Garage Spaces: 4
•   
Parking Descriptions: Off-Street
Community Features
•   
Area Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, T-Station
Lot Info
•   
Zoning: 2F-5000
•   
Year Round
•   
Lot Description: Corner, Paved Drive
•   
Acres: 0.13
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Other (See Remarks)
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Approximate
•   
Water/Sewer Built: 3046
•   
Lead Paint: Certified Treated
•   
Year Built Source: Public Record
•   
Construction Materials: Frame
Basement Info
•   
Basement
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Other
•   
Hte: 5535
Utilities
•   
Electric: 691
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 4650
•   
Fin Code: Conv. Fixed
•   
Finances Source: Pro. Forma Available
•   
Apod Available
Listing Info
•   
Offline Listing Number: 3454412
•   
Status: Sold
Lease Info
•   
Gross Revenue: 27067
•   
Gross Income: 111240
•   
Net Operating Income: 84173
•   
Rme: 3337
•   
Monthly Rent Unit 1: 2400
•   
Monthly Rent Unit 2: 2300
•   
Monthly Rent Unit 3: 2300
•   
Lease 1
•   
Monthly Rent Unit 4: 2270
•   
Lease 2
•   
Lease 3
•   
Lease 4
•   
Total Rent: 9270
•   
Rfs: 1500
Tax/Assessment Info
•   
Tax Year: 2022
•   
Assessed Value: 702500.00
•   
Taxes: 7708.75
Listing Contacts
•   
Selling Agent: BB900325
School Neighborhood & Directions
Location
•   
Street Number: 175
•   
Map Book: 64689
•   
Area: Roslindale
•   
Map Page: 156
•   
Directions: Just steps to the heart of Roslindale Village! Cummins Hwy to Sycamore or Washington to Bexley Rd.
•   
Road Type: Public
•   
Zip Code +4: 2623
Other
Other
•   
Main So: BB9254
Calculation
•   
Price Per Sqft: 394.48
•   
List Price Per Sqft: 452.92
•   
Sold Price Per Sqft: 394.48
•   
Cdom Property: 58
•   
Cdom Broker: 58
•   
Cdom: 58

Neighborhood snapshot

20
Properties for sale
19
Median days on market
$458.00
Median sold price/sqft
101.88%
Sold/List %
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Property History for 175 Florence Street

09/14/2022
09/14/2022
MLS PIN #73002876
sold
MLS PIN #73002876
$1,215,000
--12.90%
08/19/2022
08/19/2022
MLS PIN #73002876
pending
MLS PIN #73002876
$1,395,000
06/23/2022
06/23/2022
MLS PIN #73002876
active
MLS PIN #73002876
$1,395,000

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