About the Property. Spacious and charming one bedroom apartment with high ceilings. It's transit access is extremely good, being mere steps to B, C, and D branches of Boston Metro's Green Line. While it is surrounded by vibrant eateries and popular jaunts, the building itself is on a very quiet residential street. The building has its own laundry facilities and an elevator, it also has a rooftop deck and a community garden for the use of occupants.
It is also situated next to Chestnut Hill reservoir; one of Boston's most loved and attractive jogging spaces. The building's close proximity to Boston College and other universities guarantees its thus far perfect occupancy record through economic weathers fair and foul.
About the Project. The property has been in my ownership for many years and the business model is highly mature. It is currently evaluated at $400-420K range, and rents for $1850 per month, with excellent track record and no vacancies. Monthly costs are $476 for condo fees, and roughly $350 for taxes.
Investment.
Acquisition Cost per assessment value: USDC 410,000
Land Development Cost: $0 USDC
Expense Budget: 10% of Investment, USDC 41000
Needle Target: $451,000 USDC
Project Timeline.
Not Applicable, ready to rent.
Location.
https://www.google.com/maps/place/116+Englewood+Ave,+Brighton,+MA+02135,+USA/@42.3373705,-71.152405,17z/data=!3m1!4b1!4m5!3m4!1s0x89e378522e82994f:0x46d2e21fa01b744e!8m2!3d42.3373705!4d-71.150211
Walkability Score.
Most errands can be accomplished on foot.
Transit is convenient for most trips.