49 Walk Hill Street, Boston MA

49 Walk Hill Street Boston

Who We Are 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.

William Senné

President and Chief Executive Officer

Britany Caruso

Director 617.669.1069 bcaruso@sennere.com

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

The William Senné Team WST@sennere.com I 617.934.7313

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.

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

3

Residential Units PROPERTY DETAILS

2

Three Bedrooms

1

Two Bedrooms

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

Total Gross Area

4,226 SQ FT

Parking

Parking 2 garage and 1 driveway spaces

BUILDING CONSTRUCTION Exterior

Wood Shingles

Roof

Asphalt Shingles

Single Meter Sewer

City of Boston

Landlord Responsible

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.

Rent Roll 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

Income & Expenses INCOME

CURRENT

PER UNIT

$84,000

$28,000

$100,800

$28,000

($3,024)

($1,008)

$97,776

$32,592

CURRENT

PER UNIT

$3,360

$1,120

$10,883

$3,628

Insurance

$5,700

$1,900

Water/Sewer

$2,220

$740

$600

$200

Maintenance

$2,000

$667

TOTAL ANNUAL

$24,763

$8,254

NET OPERATING INCOME

$59,236

$19,745

Residential Rent Gross Potential Rent Vacancy (3%) EFFECTIVE GROSS REVENUE EXPENSES Management Real Estate Taxes

Snow Removal

49 Walk Hill Street Unit 1 - 3 Bedroom

$2,400 Monthly Rent

Bedrooms

3

Bathrooms

1

Lease Dates

Jun 1, 2022 - May 31, 2023

49 Walk Hill Street Unit 2 - 3 Bedroom

$2,600 Monthly Rent

Bedrooms

3

Bathrooms

1

Lease Dates

Sep 1, 2022 - Aug 31, 2023

49 Walk Hill Street Unit 3 - 2 Bedroom

$2,200 Monthly Rent

Bedrooms

2

Bathrooms

1

Lease Dates

Jun 1, 2022 - May 31, 2023

Overhead View

49 Walk Hill Street

49 WALK HILL STREET

Location Map Jamaica Pond

Stony Brook MBTA

49 The Castle Loring Greenough House

Green St MBTA

WALK HILL STREET

Site Plan

Franklin Park Zoo

Arborway

Forest Hills Cemetary

Forest Hills MBTA Arnold Arboretum Wachusett Street Park

49 WALK HILL STREET

Mass Audubon’s Nature Center

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.

Location Overview

Greater Boston 1 MILE

3 MILES

5 MILES

BOSTON

POPULATION 2022 Estimate

85,350

497,317

958,374

4,327,000

2027 Projection

86,883

501,275

962,560

4,464,000

2010 Census

67,332

434,163

865,354

4,185,000

2021 Est. Total Businesses

20,806

49,496

68,654

179,456

2022 Est. Total Employees

302,554

660,870

826,249

3,390,833

2022 Estimate

43,843

211,614

394,702

1,870,168

2027 Projection

44,666

213,458

396,489

1,920,300

2022 Average Household Income

$154,211

$121,132

$116,692

$107,608

2022 Median Household Income

$126,081

$88,322

$86,960

$108,133

BUSINESS

HOUSEHOLDS

INCOME