Beacon Hill
62 West Cedar Street
Property Details Diversify your portfolio with a generational quality multi-family asset in core Beacon Hill location. Recently renovated five unit building steps from Charles Street and Mass General Hospital. Renovation includes new separately metered HVAC systems and new kitchens and bathrooms. High quality, professional, tenants. Opportunity to own turn-key investment.
2018 Renovations: • • • •
All new separately metered electrical service New plumbing through the building New kitchens and bathrooms New separately metered HVAC systems, including new air conditioning condensors • Partial restoration of slate roof
202o Income & Expenses Income (Annual) • Rent: $207,000 • Laundry: $1,200 • Gross Income: $208,200 Expenses (Annual) • Water: $1,500 • Real Estate Taxes: $24,643 • Insurance: $2,800 • Common Electric: $800 • Cleaning/Snow: $2,500 Total Expenses: $31,943 Net Ordinary Income: $176,257
Units Lower Garden 892 Sq. Ft. Unfinished at Grade to rear patio with doors and windows. Requires city permission to finish. Garden 2 Bedrooms | 2 Bathrooms | 892 Sq. Ft. Private Rear Patio | $3,600/Mo. Residence I 2 Bedrooms | 2 Bathrooms | 892 Sq. Ft. $3,700/Mo. Residence II 1 Bedroom | 1 Bathroom | 892 Sq. Ft. Private Deck | $3,200/Mo.
Residence III 1 Bedroom | 1 Bathroom | 663 Sq. Ft. $3,200/Mo. Penthouse 2 Bedrooms | 2 Bathrooms | 663 Sq. Ft. River Views | $3,600/Mo. Total Living Footage: 3,110 Sq. Ft. Gross Square Footage: 4,002 Sq. Ft. Laundry
Floorplans GARDEN
RESIDENCE I
RESIDENCE II
RESIDENCE III
PENTHOUSE
William Montero Global Real Estate Advisor 617.312.7232 William.Montero@SothebysRealty.com
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