Off-Market Condo at 51 Colborne, Brighton, MA 02135

51 Colborne, Brighton, MA 02135

Unit - #B1

$425,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $240 per day and long-term for an average of $2,805 per month, based on similar listings in the area. Estimated short-term cap rate of 6.3%. Estimated long-term cap rate of -0.7%. Updated and Spacious 2 bedroom with rare one DEEDED parking. This beautiful unit is completely renovated with newer floors, newer windows, newer bathroom, and kitchen with gorgeous cabinets, granite counters, and stainless steel appliances. Professionally managed with low condo fees that includes Heat, Water, landscaping, snow removal,swimming pool, in building Laundry facilities, and much more. Conveniently located near the Green Line T, yet tucked away on a quiet street, off Commonwealth Ave. There is also bus to Downtown, Longwood Medical Area, Boston College,Boston University, and Harvard Square. There is absolutely nothing to be done and move in ready for owner occupant or investor. Strong rental history with tenants staying for 3+ years.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$420
Rental Policy
daily
Yearly Taxes
$4525
Bedrooms
2
Bathrooms
1
SQFT
760
Furnished
N/A
Year built
1963
Listing Status
Off Market
MLS
73350764

Short-term Rental Potential
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$63,336

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$559

Price/SQFT

Long-term Rental Potential
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$33,660

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,805/mo

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