56-58 Ridgemont St, Boston

$3,100,000

16 Beds
8 Baths
4,420 Sqft
.16 Acre
0 Garage

4 Unit Investor opportunity in the heart of Allston! This side by side 4 family features original top nail oak hardwood floors, exposed brick, and tastefully updated fixtures and renovated kitchens and two rear decks. Sitting on .16 acres with 4420 square feet of living space, these income-generating units have plenty more potential for the new owner. Total rent roll is $169,494 annually w/ stable tenants, with long term leases in place, and under-rented reflecting current market conditions. This property boasts two 3 bed 2 bath duplex units, and two 5 bedroom 2 bath duplex units. Tenants pay utilities, units have separated gas forced hot air, hot water newer furnace and water heater (all less than 5 years). Coin-op laundry in unfinished basement. Centrally located just 2 blocks from nightlife, restaurants, Cambridge Street and Brighton Ave public trans stops, Green Line T, Storrow Drive and Mass Pike. SHOWINGS BY APPT ONLY. Pro Forma for numbers and calculated cap rate available.

Essential Information
MLS® #72907204
Price$3,100,000
Bedrooms16
Bathrooms8.00
Full Baths8
Square Footage4,420
Acres0.16
Year Built1899
TypeMulti-Family
Sub-Type4 Family
StatusActive
Community Information
Address56-58 Ridgemont St
SubdivisionAllston
CityBoston
CountySuffolk
StateMA
Zip Code02134-2420
Listing Details
AgentRahul Singh
OfficePhoenix Realty Group
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