MA
Suffolk
Boston
02130
56 Patten St
56 Patten St, Boston, MA 02130
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Listing Type
Multi Family
Listing Status
Active
41
$1,599,000

Home Details for 56 Patten St

Price
$1,599,000
Type
Residential Income
Bedrooms
15
Bathrooms
4.0
Square feet
6939
Year built
2007
Lot size acres
0.2
County
Suffolk
Total rooms
20
Garage
Basement
Full, Walk-Out Access, Interior Entry, Concrete
Days on site
3
MLS Listing#
73478577
Property Description

This is it! Built in 2007, this Jamaica Plain 2 Family is a rare MONEY MAKER. Containing 2 side by side units and a lot of expansion/value add potential. The larger right side unit contains 12 bedrooms, 3 bathrooms with a monthly income of $13,400. Left side unit is a 3 Bed, 1 bathroom apartment rented under market to BHA for $3,745/month. Unit(s) can be delivered vacant for the right offer. Huge high ceiling basement with interior and walk-out access ideal for ADU ideas. Current owner has development plans available (Not Approved or Permitted) for potential 6 units development of existing footprint, or knock down and rebuild new both a 3-family and a 2-family. Or develop by-right 2 side-by-side townhouses. Or sit back and collect the $17k monthly income and %8+ Cap Rate. Building is professionally managed and the property manager is willing to stay on. Great location in the desirable Woodbourne section of JP and close to Forest Hills T Station. Pro forma available by request.

Property Features
  • Basement
    • Full
    • Walk-Out Access
    • Interior Entry
    • Concrete
  • Parking
    • Paved
    • Off Street
  • Water Features
    • Public
Listing Courtesy: Pondside Realty - 617-524-6900
Presented by: Radhy Pena
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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