18A Rockville Park, Roxbury MA4 September, 2015
- 7100 Sq Ft
- 10 Beds
- 5 Baths
Colossal multifamily building located on dead end street near near Roxbury’s revitalizing Dudley Square. Projected to see quick rental and sale value appreciation with Boston’s new-found interest in the area, Boston does not offer many buildings like 18A Rockville Park.
Prior to 2013 and before the owner gutted the penthouse 2 bed 1 bath +office for renovations, this massive multifamily building encompassed 4 units and nearly 7100+ sq ft of living space. During the yearly inspection of 2013 and upon noticing the gutted unit and it’s lack of completion, the building is now classified as a 3-family. Nonetheless, the units consist of: A large and renovated 3 bedroom 2 bathroom plus a bedroom-sized office with a large rear deck and two spacious, renovated 4 bedroom 2 bathroom units with large rear decks. The top floor can be considered a 2 bedroom or 3 bedroom unit. The basement is also very open, clean and has surrounding basement-level windows.
Buyers should do their own due diligence in terms of occupancy and legal living area.
Although currently receiving below market rent given the lengthy stay of the tenants, minimum voucher values for units 1-3 are $2100/month and minimum market rents at $2400/month. A renovated two bedroom in the area can yield at minimum $1600/month.
All units have separate heating, electrical and a/c systems. Heating, gas line, electrical, plumbing, hot water tanks and A/C units have been updated within 5 years. The roof is roughly 15 years old.
The asking price is $1,095,000.00 and the owner is open to all reasonable, strong offers.
As a life long resident of Boston, Willie is very familiar with the city’s neighborhoods and has a deep understanding of the local real estate market. He spent his early years watching his grandparents acquire and manage rental property throughout the city and was able to learn many aspects of the business early on. Now, as a current landlord and real estate investor, he prides himself on staying current with local sales and rental trends. Prior to entering the real estate field, Willie spent several years working in the banking and financial services industries, for firms such as Bank of America and Cantella & Co., Inc. During his corporate years he earned many industry licenses and gained valuable experience evaluating the risk and rewards of various investment assets, including real estate. Willie earned his Bachelors degree from Northeastern University and is currently working on his Masters in Business at Suffolk University. Willie has a real passion for the multifamily industry and specializes in representing buyers and sellers of local income property. He strives to share his knowledge and experiences with every client and make every buyer and seller representation a pleasant and rewarding experience.