Description
175 Hancock Street is a three-story building containing five units consisting of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units in 5,237 square feet of living area in 8,078 square feet of total gross area on a large, 0.21-acre corner lot. Majority of units renovated and has off-street parking for up to 7 cars. Landlord is responsible for gas heat and hot water while the tenants are responsible for their own electricity. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. The property also offers investors the opportunity to increase rents through programmatic upgrades to the unrenovated units. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Welli1ngton stations on the MBTAs Orange Line. 6.18% CAP on Current Income. Upside in Rents.
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9BEDS
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0.21ACRES
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5BATHS
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01/2 BATHS
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5,237SQFT
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$305$/SQFT
School Ratings & Info
Description
175 Hancock Street is a three-story building containing five units consisting of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units in 5,237 square feet of living area in 8,078 square feet of total gross area on a large, 0.21-acre corner lot. Majority of units renovated and has off-street parking for up to 7 cars. Landlord is responsible for gas heat and hot water while the tenants are responsible for their own electricity. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. The property also offers investors the opportunity to increase rents through programmatic upgrades to the unrenovated units. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Welli1ngton stations on the MBTAs Orange Line. 6.18% CAP on Current Income. Upside in Rents.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-28T23:10:01.96.