6 Cleveland Pl consists of a five-story, brick building with seventeen units comprised of four 3-Bedroom/1-Bathroom units, seven 2-Bedroom/1-Bathroom units and six 1-Bedroom/1-Bathroom units. 6 Cleveland Place is fully occupied and has an on site coin-operated laundry facility. The Property is separately metered for electricity, electric heat, and hot water which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. Centrally located in the heart of the North End and 0.4 miles to Bostons North Station, the subject property is ideal for a potential buyer looking for income growth and strong investment returns. In-place rents are below market rates and offer upside by achieving market rents upon lease renewal and through programmatic upgrades to the unrenovated units.
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The average household income in
Boston, MA
grew
from
$66,758
to
$71,834
in the past year. This data is an estimate based upon
274,674
households in
Boston, MA. The chart below presents how household income is distributed in
Boston, MA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Boston, MA
compared to median property taxes around the country. The prevalent amount of property taxes in
Boston, MA
equals
$3k+
, which is
more
than the national average.