182-184, 186-188 CALUMET STREET
Offering of Two Adjacent Two Family Properties
Mission Hill, Boston
Description
Rare opportunity to purchase 2 adjacent two-family buildings, comprised of 4 units with garage and driveway parking. The property is currently generating $19,700.00 in rental income per month. This is a package deal with a solid 5.5 capitalization rate and there is room to further increase the rents in September of 2020. 182-184 Calumet was built from the ground up in 2013 and 186-188 Calumet was completely gut renovated with a structural remodel in 2013. Both buildings combined have a total of 17 bedrooms and 9 bathrooms with all new mechanical, electrical, plumbing, windows, roof, siding, and blown in insulation. Each unit has open layouts, modern kitchens with stainless appliances and granite counters, hardwood floors throughout and laundry in unit. 182-184 Calumet consists of a 4 bed, 2 bath and 5 bed, 3 bath unit with an attached 2 car garage and additional off-street driveway parking. 186-188 Calumet consists of two 4 bed, 2 bath units with 3 off-street, driveway parking spaces. All leases go through August 31, 2020 and have 6 years of stable rental history. Projected rents next year are expected to go up by 5% over this year's rents. Currently there are 2 vacant parking spaces at 186-188 Calumet - market rent for each space is about $175/mo. Further increase income by charging for garage parking instead of including them in monthly rent prices. Below you will find virtual tours, floor plans, historical rents, current rents, projected rents and the income and expense report for each property.
OFFERED FOR: $3,600,000
182-184, 186-188 Calumet Street
Boston, MA 02120 (Mission Hill)
17 Bedrooms, 9 Bathrooms
6,390 SQFT
unit Descriptions
182-184 Calumet
Newly constructed from the ground up in 2013, this building features two units with a total of 9 bedrooms, 5 bathrooms with 2 attached garage parking spaces and an additional off-street parking space. The first floor unit, 182 Calumet is a 4 bedroom, 2 bathroom with open layout, equally sized bedrooms, a bathroom with double vanity which makes it easier for roommates to share. 184 Calumet, the second floor unit, is a 5 bedroom, 3 bathroom duplex with an open layout, with 2 bathrooms having double vanities. Each unit features central HVAC, hardwood floors throughout, in-unit laundry, kitchens with granite countertops and stainless appliances, tiled bathrooms and rear decks - the top floor having gorgeous city views when the leaves fall.
186-188 Calumet
186-188 Calumet Street underwent a complete gut renovation in 2013, with brand new appliances, fixtures, wiring, plumbing and HVAC. The building features two 4 bedroom, 2 bathroom duplex units with 3 off-street parking spaces. 186 Calumet, the first floor unit, features an expansive living & dining room on first level, custom kitchen with stainless steel appliances and granite counter-tops. Both full bathrooms feature modern floor to ceiling tiles, full vanities, and updated fixtures. 188 Calumet, the upper unit, features an oversized living room-dining room with built in storage, separate kitchen with high end stainless steel appliances, granite counter-tops, and custom cabinets. Private front and rear decks and shared yard.
EXTERIOR Photos
LOCATION
contact us
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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.