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SOLD 8/3/2021

640 River Street, Boston, MA 02126$1,490,000

12
beds
6
baths
5448
ft2
· 7797
ft2 lot
$273 / ft2

Listing provided courtesy of Listing Broker: Sheila Traphagen, Bridgestone Properties, LLC
Source MLS PIN;
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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.

HOA

$—/month

On market

2 months

Year built

1920

Property type

5 9 Family

Parking

6

MLS

72816650

Price / Sq.Ft.

$273 / ft2

Status

Sold

Home details for 640 River Street

Interior Features & Layout
Appliances
•   
Hot Water: Natural Gas
Rooms Info
•   
Total Levels: 3, 6, 3
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 2, 1
•   
Total Levels Unit 3: 3, 1
•   
Total Rooms Unit 1: 4
•   
Total Rooms Unit 2: 4
•   
Total Rooms Unit 3: 4
•   
Total Rooms: 12, 24, 12
Bedrooms Info
•   
Total Beds: 12
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 2
•   
Unit 1 Beds: 2
Bathrooms Info
•   
Full Baths: 6, 6
•   
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: 6
Property Type
•   
Property Type: 5-9 Family
•   
Mls Prop Type: 5-9 Family
•   
Mls Property Type: Multi-family
Lot Info
•   
Zoning: RES
•   
Lot Description: Other (See Remarks)
•   
Acres: 0.18
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Other (See Remarks)
•   
Year Built Description: Actual, Renovated Since
•   
Lead Paint: Certified Treated
•   
Year Built Source: Public Record
Basement Info
•   
Basement
•   
Basement Details: Full
Parking Info
•   
Parking Descriptions: Off-Street
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Utilities
•   
Utilities: for Gas Range
Listing Details, Costs & Financing Information
Listing Info
•   
Offline Listing Number: 3234207
•   
Oh Flag: 1
•   
Status: Sold
Financial Info
•   
Fin Code: Conv. Fixed
Lease Info
•   
Gross Income: 66012
•   
Net Operating Income: 66012
•   
Monthly Rent Unit 1: 2039
•   
Monthly Rent Unit 2: 1804
•   
Monthly Rent Unit 3: 1658
•   
Lease 1
•   
Lease 2
•   
Lease 3
•   
Total Rent: 10501
Listing Details
•   
Disclosures: All group showings will be listed as open houses, buyers need to be registered in advance
Tax/Assessment Info
•   
Tax Year: 2020
•   
Assessed Value: 848900.00
•   
Taxes: 8964.38
Listing Contacts
•   
Selling Agent: CN212527
School Neighborhood & Directions
Location
•   
Street Number: 640
•   
Map Book: 615
•   
Area: Mattapan
•   
Map Page: 10
•   
Directions: 640 River Street
Other
Other
•   
Main So: BB8195
Calculation
•   
Price Per Sqft: 273.49
•   
List Price Per Sqft: 293.69
•   
Sold Price Per Sqft: 273.49
•   
Cdom Property: 58
•   
Cdom Broker: 58
•   
Cdom: 58

Neighborhood snapshot

17
Properties for sale
22
Median days on market
$362.01
Median sold price/sqft
100.17%
Sold/List %
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Property History for 640 River Street

08/03/2021
08/03/2021
MLS PIN #72816650
sold
MLS PIN #72816650
$1,490,000
--6.88%
06/14/2021
06/14/2021
MLS PIN #72816650
pending
MLS PIN #72816650
$1,600,000
04/18/2021
04/18/2021
MLS PIN #72816650
active
MLS PIN #72816650
$1,600,000

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