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2817 Washington St, Roxbury, MA 02119

7 Bed, 2.5 Bath Single Family Home For Sale

2817 Washington St, Roxbury, MA 02119 Home For Sale - MLS #72553028
$739,900
7
2 Full Bath, 1 Half Bath
Single Family
Colonial

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Property Description for 2817 Washington St, Roxbury, MA 02119

HUGE single family in high density MFR MULTI-FAM ZONING in Fort Hill, w/ potential to build 4 townhouses as-of-right, or convert building to 2 or 3-fam! Property was fully renovated in 2015-2016 and is currently a 7 bed 2.5 bath rental w/ all new electrical and plumbing, granite and stainless in kitchen, in-unit laundry, driveway parking, etc! Rented for $5,200/month, this property has a CAP RATE of 8%! Current tenants just renewed for their 3rd year - LEASED UNTIL 8/31/2020. Tenants also pay ALL UTILITIES including water/sewer, and they are responsible for snow shoveling and yard work, making this property extremely easy to manage. Opportunity to increase rent to ~$5,600 next year (current tenants have been at $5,200 for 3 years), or potentially build 4 large townhouses, commercial, or convert existing building to 3-fam. Similar sized lot 3 doors down is about to break ground on 4 large townhouses, which was an as-of-right development in same MFR zone! Buy and hold or build up!

Interior Details

2,550 sq. ft.
$290.16/sq. ft.

Exterior Details

0.09 acres
3,900 sq. ft.
2

Other Details

72553028
1900

Room Levels, Dimensions and Features

Living Room
1
Dining Room
1
Kitchen
1
Laundry Room
0
Master Bedroom
2
Bedroom 2
2
Bedroom 3
2
Bedroom 4
2
Bedroom 5
3
Bathroom 1
1
Bathroom 2
2
Bathroom 3
2
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Monthly Mortgage Payments

$3,361
$4,681

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Town Description

Once a farming community, Roxbury is home to the historic Shirley Eustis House, the only remaining country house in America built by a British Royal Colonial Governor. Today this neighborhood, which...

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