Trust Realty One

40 River St, Boston, MA 02126

Dorchester's Lower Mills

Multi-Family

$20,000,000
Price
$19,050,000
Sale Price

62
Units
53,646
Approx. GLA
40 River Street, otherwise known as Schoolhouse at Lower Mills, is a 62-unit apartment community in the Dorchester-Lower Mills neighborhood of Boston. The property consists of 2008 condominium-quality construction, including a renovated 2-story schoolhouse originally built in 1850. The unit mix consists of 1- and 2-bedroom units with ease of access to the area’s major employers and academic institutions. Schoolhouse at Lower Mills features high-end finishes including granite counter tops, stainless steel appliances, walk-in closets in select units, in-unit washer/dryers, and 9'-12' foot ceilings. The property is steps away from Star Market and various MBTA Red Line Stations & Bus stops. Schoolhouse at Lower Mills provides investors with the opportunity to own a stabilized turn-key asset in one of Boston’s fastest transforming neighborhoods.
Highlights
Sale Price: $19,050,000
Settled Date: 9/14/2016 12:00:00 AM
Area/Village: Dorchester's Lower Mills
List Price: $20,000,000
Type: Multi-Family
Multi-Family Type: 5+ Family - 5+ Units Up/Down
Status: Sold
Beds: 76
Baths: 78
Units: 62
Year Built: 2008
Approx. GLA: 53,646
MLS#: 71972437
 
 
Interior
Basement: No
Cooling Units: See Details Now
Cooling Zones: See Details Now
Electricity Cost: See Details Now
Electric Features: See Details Now
Heating Units: See Details Now
Heating Zones: See Details Now
Flooring: See Details Now
Energy: See Details Now
Fireplaces: See Details Now
Hot Water: See Details Now
Rooms: 99
Green Certification: See Details Now
Lead Paint: See Details Now
Total Floors: 4
UFFI: See Details Now
Exterior
Water: See Details Now
Facing: See Details Now
Acres: 1.24
Lot Size: 54,084.00
Lot Description: See Details Now
Foundation: See Details Now
Foundation Size: See Details Now
Waterfront: See Details Now
Waterview Feat.: See Details Now
Garage Spaces: See Details Now
Parking Spaces: 79
Parking Features: See Details Now
Road Type: See Details Now
Color: See Details Now
Construction: See Details Now
Roof Material: See Details Now
Utility: See Details Now
Exterior: See Details Now
Exterior Features: See Details Now
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Taxes
Short Sale Lender Approval: See Details Now
Title 5: See Details Now
Lender Owned: No
APOD Available: See Details Now
Assessed Price: $11,660,000
Taxes: $128,260
Tax Year: 2016
Book/Page: See Details Now
Zoning: See Details Now
Warranty Available: See Details Now
School
Grade School: See Details Now
Middle School: See Details Now
High School: See Details Now
Beach
Beach: See Details Now
Miles to Beach: See Details Now
Beach Description: See Details Now
Beach Ownership: See Details Now
Expenses
Expenses Source: See Details
Gross Income: See Details
Gross Expenses: See Details
Total Rent: See Details
Net Income: See Details
Gas Cost: See Details
Heat Cost: See Details
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Management Cost: See Details
Refuse Cost: See Details
R&M Cost: See Details
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Water Cost: See Details
Misc. Cost: See Details
 
Additional
Amenities: See Details Now
Exclusions: See Details Now
Disclosure Declaration: See Details Now
Disclosure: See Details Now
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 2 1 0 Yes 1 $2,270
Unit 2 3 1 0 1 1 0 Yes 1 $2,000
Map
The listing office is Colliers International and the listing agent is Christopher Sower. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 8/21/2017 10:35:00 PM.
 
Office
Office
Trust Realty One