Active
4 Days on market
251 Heath St #109 Boston — Photo 1 of 27

251 Heath St #109 Boston — Photo 1 of 27

$466,476

Investment Analysis — 251 Heath St #109

Boston, MA 02130 — Jamaica Plain

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02130 carries an estimated $2,870/mo in gross rent — about a 4.63% cap rate and $21,600/yr in estimated NOI at the $466,476 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

2

SqFt

1,278

Style

Condominium

Built

1900

City of Boston Inclusionary Development Unit / BPDA Income Restricted Jamaica Plain Loft / 2-bathroom condo on the first floor with 2 levels. The condo is currently being used as a 2-bedroom. The building is a 79-unit, professionally managed elevator building with central AC and close access to the Heath Street Green Line stop. The condo has an in-unit washer/dryer and comes with a private storage space. The upper level could be used as a bedroom, home office, or media area. It also has access to a common gym and common outdoor space. The sale is subject to BPDA approval of buyer eligibility (1-member household up to $96,000, 2-member household up to $109,760, 3-member household up to $123,440, and 4-member household up to $137,120). Ask for income limits for larger households. Buyers must have under $75,000 in liquid assets (excluding most retirement and education accounts) and obtain mortgage financing. The unit must be the buyer's primary residence. Buyers must complete an affidavit and be approved by the BPDA/MOH. The BPDA requires buyers to contribute at least 1.5% of the purchase price from their own savings unless a VA loan is being used. After purchase, owners are encouraged to become as financially successful as possible! First showing at Open House: Saturday, September 12th 1:00PM-2:30PM and Sunday, September 13th 11:00AM-12:30PM.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$466,476
Annual Taxes$674.46
HOA Fee$325

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementN

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningCD

Property & Lot

Acres0.03
SqFt Lot1,278
Lot Features--

Neighborhood

Public Transportation • Shopping • Medical Facility • Highway Access • Public School • T-Station

Geography

Listing Provided By

Listing Agent: Richard Hornblower

Listing Office: Coldwell Banker Realty - Boston

MLS® Number: 73573200