$1,400,000
●
Multifamily -
Off Market
111 Sumner Road
Brookline, MA 02445
6 Beds
3 Baths
2,806 Ft²
$2,185,594
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model
About This Property
Attention Investors, Developers, and Owner Occupants! This
wonderful home has been owner-occupied for many years. Absolutely
gorgeous original woodwork in both units. Unit: 1 is a two bedroom
philly-style apartment, with modern kitchen & bath. Unit: 2 is a
large duplex style with 3-4 bedrooms and two new full baths.
Fireplaces in both units. Large single car detached garage.
Additional off-st parking. Covered porch. Easy access to public
transportation. Beautiful, gleaming hardwood floors
throughout. Separate gas-fired heating systems newer. Walking
distance to several schools including Brookline High. Just an
extraordinary opportunity to purchase a two-family in this
fantastic Brookline neighborhood, and the exceptional Brookline
school system. Property is being sold "As-Is", buyers and their
agents are to do their own due diligence. To be delivered vacant.
Unit Size
2,806 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$463
Property Type
Multifamily
Property Taxes
$932
HOA Dues
-
Year Built
1920
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #71965825)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2016 | Sold | ||
| Sold | |||
| Mar 1, 2016 | Listed by Benjamin Realty | $1,299,000 | |
| Listed by Benjamin Realty | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Off Street, Tandem, Paved
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Appliances: Gas Water Heater
Flooring Type: Wood, Vinyl
Rooms: 13
Has Fireplace
Fireplaces: 2
Basement: Full, Concrete, Unfinished
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Gentle Sloping
Lot Size Area: 0.09
Lot Size Units: Acres
Lot Size Acres: 0.09
Zoning: T6
Parcel Number: 1940300, 36247
Water Source: Public
Financial Details
Tax Map Number: 194
Tax Assessed Value: $1,073,400
Tax Annual Amount: $11,185
Utilities Details
Heating Type: Unit 1(Gas), Unit 2(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/01/2016
| |
6 Bed
|
3 Bath
|
2806 ft²
|
$1,299,000
6 Bed
3 Bath
2806 ft²
|
$1,400,000
+7.78%
05/06/2016
|
Stephen J. Foley
Foley & Soule Associates
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017