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34391966
34391964

201 Rawson Road, Brookline, MA 02445 For Sale

MP
MA 9506948
Marcus & Millichap - Boston
Listed by Marcus & Millichap - Boston
$3,450,000
1 day on market
Updated 1 day ago

201 Rawson Road

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,842
Net Rentable (SqFt) 4,686
Units 3
Cap Rate 3.58%
NOI $123,546
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 3.81%
Pro-Forma NOI $131,346
Price per SqFt $736
Year Built 1900
Buildings 1
Acreage 0.100
Investment Type Value Add

201 Rawson Road, Brookline, MA 02445

Marketing description

Marcus & Millichap is pleased to present the three-unit apartment building located at 201 Rawson Road in Brookline, MA. Built in 1900, this triple-decker property is a total of 6,842 square feet and sits on .1 acre of land. Each unit is spacious and contains three-beds and one bath and is approximately 1550+ square feet. This well maintained property is 100% occupied and has a strong lease history due to its very admirable neighborhood. The apartments feature classic spacious layouts including eat-in kitchens, modern appliances, full dining, living and sitting rooms, front and back porches; along with additional amenities including off-street private parking and shared laundry in the basement. The heat is oil fired FHW included in the rent, tenants are responsible for their own electricity. Investors can achieve value-add thru the large layouts to convert the dining rooms into an additional 4th bedroom and take advantage or the back porch square footage for an additional bedroom / bathroom for each apartment. As well, the high ceiling basement could potentially be finished as an additional studio apartment or making the first floor a duplex, and the 3rd floor into a duplex (similar to the next door neighbor who recently completed the same conversion).

Conveniently located within a 5-minute walk from Washington Square MBTA Green Line T-stop and just over 4 miles from Downtown Boston, this property is in a great location, set up for an easy commute anywhere in and around the Greater Boston area. Additionally, Rawson Road is within close proximity of local schools including Brookline High School, Boston College,, Boston University and Northeastern University, Whole Foods and Star Market, along with dozens of local popular restaurants and shopping options known in the Brookline area. Brookline is a one of the most prestigious cities of Greater Boston.

Investment highlights

  • Well Maintained, Three-Unit Apartment Building located In Brookline, MA on the Market for the first time in over 50-years!
  • Comprised of Three Units with 3-Beds and 1-Bath and Approximately 1500+ square feet each, with front and back porches
  • Value-Add Converting Dining Room into 4th Bed and Possibility of converting the back-porch areas into additional bedroom/bath. Along with a basement apartment and 3rd floor similar to 197 Rawsow Road
  • Located within Walking Distance of Washington Square, MBTA Green Line C & D Trains, Brookline High School, Star Market, & popular local restaurants and shopping
  • Close proximity to Boston College, Boston University, Whole Foods, Cleveland Square, Mass General Brigham, Fenway Park, Route-9 and Downtown Boston

Listing Contacts

MP
MA 9506948
Marcus & Millichap - Boston
Listed by Marcus & Millichap - Boston

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,546.00
$10,295.50/mo

Valuation Metrics

0
DSCR
3.58%
Cap Rate
3.58%
ROI

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Additional Information

Name
Matthew Pierce
License
9506948
Brokerage
Marcus & Millichap
Brokerage Phone
6178967214
Title
Senior Director Investments
Brokerage Address
100 High Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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