8-10 Perkins Street
Jamaica Plain, MA
Description
Rare opportunity to purchase a 4 unit income producing property featuring 1 commercial unit and 3 residential units in the heart of Hyde Square in Jamaica Plain! The attractive front facing brick unit is currently occupied by a commercial tenant paying $1,800/mo. Adjacent to the commerical space are 3 additional residential units. Unit 1 ($3,200/mo.) is a 4 bed, 1 bath, Units 2 & 3 (Unit 2: $2,650/mo, Unit 3: $2,800/mo) are both 3 bed, 1 bath plus sunroom/office. Each unit has a full living and dining room, a walk in pantry, an enclosed porch and share a large driveway in the rear of the building. 8-10 Perkins St is conveniently located just off of Centre Street, a stone’s throw from Whole Foods, South Huntington Street, The Jamaicaway, the Jamaica Pond and is equidistant to the Green Line at Heath St or Orange Line at Jackson Square or Stonybrook stop. Either take advantage of the room for improvement on rents or, for the right developer, convert to condos. This special asset is truly a rare find!
Offered for: $2,000,000
CURRENT RENT ROLL
Commercial: $1,800/mo
Unit 1: $3,200/mo
Unit 2: $2,650/mo
Unit 3: $2,800/mo
TOTAL: $10,450
SCENARIO 1: POTENTIAL RENTAL INCOME, AS-IS CONDITION WITH RENT IMPROVEMENTS
Commercial: $2,800/mo + NNN costs
Unit 1: $3,600/mo
Unit 2: $3,600/mo
Unit 3: $3,600/mo
TOTAL: $13,600
SCENARIO 2: RENTS AFTER RENOVATIONS*
*Renovation considered: paint all residential units, update all kitchens, add second bathroom and add central AC.
Commercial: $2,800/mo + NNN costs
Unit 1: $4,200/mo
Unit 2: $4,400/mo
Unit 3: $4,400/mo
TOTAL: $15,800
Photos
LOCATION
contact us
Have questions or would like to schedule a showing? Please drop us a line!
ABOUT US
Mission Realty Advisors Team @ Compass
mobile: (203) 893-8316
email: missionrealty@compass.com
In 2013 team leader Eric Johnson founded Mission Realty Advisors with the goal of making his client’s real estate transactions transparent, seamless, stress-free and fun. In 2019 the Mission Realty Advisors team joined Compass in order to elevate our offerings by providing clients best in class technology, tools and resources.
Our team of experienced real estate professionals is dedicated to customer service - we are engaged, responsive and thorough throughout each transaction, providing resources, information and advice to our clients along the way. We are a team of skilled negotiators, creative marketers and market experts. We know our stuff and take pride in our jobs. We live and breathe the nitty gritty of real estate so you don’t have to. Our clients become friends, and friends become clients, because each transaction is handled with the same care and diligence as we would handle our own. Whether you’re an investor, seller, first time homebuyer or renter you can count on our team to be at your service. We’re in it for the long haul, and it shows.
The Mission Realty Advisors Team specializes in real estate transactions in and around the city of Boston, with a special focus on the Mission Hill, Jamaica Plain, Roslindale, West Roxbury, and Dorchester neighborhoods.