49 Walk Hill Street, Boston MA

49 Walk Hill Street Boston

William Senné

President and Chief Executive Officer

Britany Caruso Director 617.669.1069 bcaruso@sennere.com

Senné is comprised of 150+ practitioners of finance, property management, marketing, construction, design, residential and commercial brokerage, and planning, all working together to raise the bar on client satisfaction.

Our unique composition enables us to offer elevated advisory services with a broader perspective on the real estate market for our clients and partners to ensure their dreams are our goals.

Senné is committed to the simple idea that excellence and positive human interaction are not mutually exclusive. This belief informs the real estate work that we do and our service to the communities we serve. We never rest. Quality is paramount to us, and it shines through in everything we do. We reject the concept of one size fits all and embrace the unique diversity of opportunities and challenges that each client brings us.

Drawing on the collective experience of our development, construction, and brokerage teams, Senné offers curated specialty services for real estate developers, institutions and investors. With experience developing and building in excess of $2 billion worth of real estate investments nationally, we pay special attention to every detail to bring excellence and success to market.

The team takes a multidisciplinary approach fostering flexible and entrepreneurial solutions that are at the core of the Senné mission.

Moises Martinez Director 617.658.3989 mmartinez@sennere.com

Jacob King Manager 413.214.1947 jking@sennere.com

DISCLAIMER: Senné Commercial, LLC has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than Senné Commercial, LLC and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

The William Senné Team WST@sennere.com I 617.934.7313

We Are

Who

Investment Summary 49 Walk Hill Street List Price $1,095,000 Net Operating Income $59,236 Cap Rate 5.41% Price Per Unit $365,000 Price Per Square Foot $326 PROPERTY DETAILS BUILDING UTILITIES Property Address 49 Walk Hill Street Boston MA 02130 Heating Gas Tenant Responsible Number of Units 3 UNITS Hot Water Gas Tenant Responsible Year Built 1919 Electric Separately Metered Tenant Responsible Land Area 3,060 SQ FT Water City of Boston Landlord Responsible/ Gross Living Area 3,359 SQ FT Single Meter Total Gross Area 4,226 SQ FT Sewer City of Boston Landlord Responsible Parking Parking 2 garage and 1 driveway spaces BUILDING CONSTRUCTION Exterior Wood Shingles Roof Asphalt Shingles 3 Residential Units 2 Three Bedrooms 1 Two Bedrooms

Property Highlights

49 Walk Hill Street

A Boston classic three family with value-add potential. The first and second floor units each feature three bedrooms, one bathroom, a sizable living room, a large eat-in kitchen, and a walk-in pantry for extra storage. The third-floor unit is a two-bedroom, one-bathroom and includes an eat-in kitchen with a combination living/dining room area. Gleaming hardwood floors, sunny bay windows, and custom built-ins give a slight nod to the home’s original craftsmanship. Two garage parking and one off-street driveway space add to the value of the property.

VALUE-ADD POTENTIAL

There are many ways to rehab the existing structure to procure increased rents. Call an architect and renovate down to the studs or head to the hardware store to pick up some paint and new tile. There’s a lot of opportunity at 49 Walk Hill.

STRATEGIC LOCATION

Surrounded by nature and conveniently located in proximity to city life, occupants at 49 Walk Hill Street get the best of both worlds. With notable growth and development in the area, this property is in the sweet spot for all types of investors.

WALKABLE LOCATION

Under a mile from Forrest Hills MBTA Station, tenants are able to easily find their way around the city and having a car isn’t a requirement. Within blocks of the property, there are shops, restaurants, a pharmacy, a grocery store, and more.

INCOME CURRENT PER UNIT Residential Rent $84,000 $28,000 Gross Potential Rent $100,800 $28,000 Vacancy (3%) ($3,024) ($1,008) EFFECTIVE GROSS REVENUE $97,776 $32,592 EXPENSES CURRENT PER UNIT Management $3,360 $1,120 Real Estate Taxes $10,883 $3,628 Insurance $5,700 $1,900 Water/Sewer $2,220 $740 Snow Removal $600 $200 Maintenance $2,000 $667 TOTAL ANNUAL $24,763 $8,254 NET OPERATING INCOME $59,236 $19,745 DETAILS # OF BEDS # OF BATHS CURRENT LEASE EXP Unit 1 3 1 $2,400 5/31/23 Unit 2 3 1 $2,600 8/31/23 Unit 3 2 1 $2,200 5/31/23 Total 8 3 $7,000 Rent Roll Income & Expenses

Bedrooms 3 Bathrooms 1 Lease Dates Jun 1, 2022 - May 31, 2023 $2,400 Monthly Rent 49 Walk Hill Street Unit 1 - 3 Bedroom

Bedrooms 3 Bathrooms 1 Lease Dates Sep 1, 2022 - Aug 31, 2023 $2,600 Monthly Rent 49 Walk Hill Street Unit 2 - 3 Bedroom

Bedrooms 2 Bathrooms 1 Lease Dates Jun 1, 2022 - May 31, 2023 $2,200 Monthly Rent 49 Walk Hill Street Unit 3 - 2 Bedroom

Overhead View 49 WALK HILL STREET

49 Walk Hill Street

Map 49 WALK HILL STREET

Location

Forest Hills MBTA

Stony

Brook

MBTA Arborway Forest

Hills

Cemetary Arnold Arboretum Jamaica Pond Franklin Park Zoo Wachusett Street Park Mass Audubon’s Nature Center Green St MBTA The Castle Loring Greenough House WALK HILL STREET 49 Site Plan

Location Overview

Forest Hills

Forest Hills is, along with Woodbourne, one of the two southernmost sections within Jamaica Plain. The neighborhood is in a valley between two of Boston’s iconic green spaces, the 281-acre Arnold Arboretum of Harvard University, and the 275-acre Forest Hills Cemetery, a monumental cemetery of sculpture and woodland.

The neighborhood began to be developed in the 1890s, after the arrival of the train. Parts of the neighborhood, particularly the area south of Walk Hill Street, was developed using principles of the Garden City movement proposed by Sir Ebenezer Howard (18501928) in 1898, including tree-lined streets that curved around rocky outcroppings, in order to preserve a sense of nature within the city.

Strong demand for rental and ownership, Jamaica Plain overall feels different from many other neighborhoods of Boston, with its extensive parkland and ponds, lively neighborhood center, and its proximity to downtown Boston by public transportation. The neighborhood has long drawn students, young professionals, and families for its convenience to Longwood Medical Area, as well as Mass Art, Museum School, Northeastern, and Harvard’s medical, dental, and public health schools.

Source: Neighborhood X Boston offers neighborhood-level data and analytics http://boston.neighborhoodx.com/neighborhoods/6153#:~:text=Forest%20 Hills%20is%2C%20along%20with,cemetery%20of%20sculpture%20and%20 woodland.