ATTENTION INVESTORS: STUNNING COMPLETE 2014 RENOVATION OF A GORGEOUS 5 UNIT BUILDING IN A TOP HYDE PARK LOCATION!!! THIS BUILDING IS A CASH COW AND TURNKEY FOR THE NEXT OWNER. EVERYTHING HAS BEEN DONE: NEWER ROOF, SIDING, WINDOWS, PORCHES, KITCHENS, BATHS, PLUMBING, WIRING, (5) GAS FHA HEATING SYSTEMS, AND (5) GAS HOT WATER HEATERS. GREAT TROPHY BUILDING OFFERS A TOP LOCATION NEAR FAIRMOUNT HILL AND THE HYDE PARK COMMUTER TRAIN TO BOSTON!!! UNIT MIX IS (1) 3-BEDROOM DUPLEX UNIT WITH 2 FULL BATHS AND (4) 1-BEDROOM UNITS WITH GORGEOUS OPEN AND BRIGHT FLOOR PLANS, HUGE BEDROOMS, GREAT CLOSET SPACE, LARGE MODERN KITCHENS, AND MONDER DESIGNER TILE BATHS. REAR PORCHES FOR EACH UNIT AND GREAT REAR YARD. INCOME IS $115,800/YEAR WITH EXPENSES OF $17,900. THE NOI IS $95,986. THE ESTIMATED CAP RATE IS 6%. THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD. THE OWNER HAS LEFT ONE UNIT VACANT FOR SHOWINGS. THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!
Off market
$1,582,400
755-759 Truman Hwy, Hyde Park, MA 02136
7beds
4,380sqft
5-9 Family
Built in 1940
-- sqft lot
$1,582,400 Zestimate®
$361/sqft
$3,298 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 25, 2022 at 11:54am
Listed by:
Michael McGuire,
Insight Realty Group, Inc.
Bought with:
Team Uranus
Gaia Realty & Advisors, LLC
Source: MLS PIN,MLS#: 72985188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Features
- Flooring: Wood
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,380
- Total interior livable area: 4,380 sqft
Property
Parking
- Total spaces: 5
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 10,454 sqft
Details
- Parcel number: WARD: 18,1340384
- Zoning: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1940
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
Location
- Region: Hyde Park
HOA & financial
Other financial information
- Total actual rent: 9700
Other
Other facts
- Listing terms: Contract
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,582,400