56-58 Ridgemont St, Boston, MA

$3,100,000

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16

Beds

8

Baths

4,420

Square feet

0.16

Acres

About 56-58 Ridgemont St

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.

Features of 56-58 Ridgemont St

MLS® # 72907204
Price $3,100,000
Bedrooms 16
Bathrooms 8.00
Full Baths 8
Square Footage 4,420
Acres 0.16
Year Built 1899
Type Multi-Family
Sub-Type 4 Family
Status Active

Community Information

Address 56-58 Ridgemont St
Subdivision Allston
City Boston
County Suffolk
State MA
Zip Code 02134-2420

Listing Details

AgentRahul Singh
OfficePhoenix Realty Group

Listing Map

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