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873-875 East Second

Boston, MA 02127
  • $5,100,000
  • STATUS: Under Agreement
  • MLS #: 72956617
Pending
UPDATED: 15 min ago
$5,100,000
  • 22
    BEDS
  • 0.14
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 7,440
    SQFT
  • $685
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Ratings & Info

Listing courtesy of John Pentore of Horvath & Tremblay.

Description

The property consists of two adjacent, three-story, three family buildings containing six units with (4) 4-Bedroom/1.5-Bathroom units and (2) 3-Bedroom/1.5 Bathroom units. The Property is fully occupied and has undergone extensive renovations and features condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in all units, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include dishwashers and laundry in all units, rear decks, off-street parking and oversized backyard which creates incredible outdoor space for tenants in an urban-infill location. The opportunity exists to increase the parking on the property by converting the backyard space into a parking area. Additionally, all leases currently expire 8/31/22. 5 of 6 units have been renewed or leased for 9/1/22 8/31/23. 5.4% Cap Rate at Renewal Rates. Showing Thursday, 4/28 by APPT. only.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-25T18:09:26.023.
www.welchmanrealestate.com/homes/126993170
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873-875 East Second Boston, MA 02127

  • Price: $5,100,000
  • Status: Under Agreement
  • On Site: Days
  • Updated: 15 min ago
  • MLS #: 72956617
22
Beds
12
Baths
0
½ Baths
0.14
Acres
7,440
SQFT
$685
$/SQFT
1890
Built
Neighborhood:
South Boston
County:
Suffolk
Area:
South Boston
Property Description
The property consists of two adjacent, three-story, three family buildings containing six units with (4) 4-Bedroom/1.5-Bathroom units and (2) 3-Bedroom/1.5 Bathroom units. The Property is fully occupied and has undergone extensive renovations and features condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in all units, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include dishwashers and laundry in all units, rear decks, off-street parking and oversized backyard which creates incredible outdoor space for tenants in an urban-infill location. The opportunity exists to increase the parking on the property by converting the backyard space into a parking area. Additionally, all leases currently expire 8/31/22. 5 of 6 units have been renewed or leased for 9/1/22 8/31/23. 5.4% Cap Rate at Renewal Rates. Showing Thursday, 4/28 by APPT. only.
Exterior Features

Beach Description BayHarbor Beach Miles To 1/2 To 1 Mile Beachfront Yes Color Gray Construction Frame Exterior Fiber Cement SidingOther (See Remarks) Exterior Features Deck Foundation Brick Lot Description Other (See Remarks) Parking Features Off-StreetTandem Parking Spaces 4 Road Type Public Roof Material Rubber Waterfront Flag No

Interior Features

Appliances Common Other (See Remarks) Appliances Unit1 RangeDishwasherMicrowaveWasherDryer Appliances Unit2 RangeDishwasherMicrowaveRefrigeratorWasherDryer Appliances Unit3 RangeDishwasherMicrowaveRefrigeratorWasherDryer Appliances Unit4 RangeDishwasherMicrowaveRefrigeratorWasherDryer Basement Yes Bedrooms Unit1 3 Bedrooms Unit2 4 Bedrooms Unit3 4 Bedrooms Unit4 3 Cooling Common Other (See Remarks) Cooling Unit1 Central Air Cooling Unit2 Central Air Cooling Unit3 Central Air Cooling Unit4 Central Air Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring Vinyl Floors Unit1 1 Floors Unit2 2 Floors Unit3 3 Floors Unit4 1 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 1 Half Baths Unit2 1 Half Baths Unit3 1 Half Baths Unit4 1 Heating Common Other (See Remarks) Heating Unit1 Forced AirGas Heating Unit2 Forced AirGas Heating Unit3 Forced AirGas Heating Unit4 Forced AirGas Hot Water Natural Gas Interior Features Common Other (See Remarks) Interior Features Unit1 Stone/Granite/Solid Counters Interior Features Unit2 Stone/Granite/Solid Counters Interior Features Unit3 Stone/Granite/Solid Counters Interior Features Unit4 Stone/Granite/Solid Counters Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 28 Rooms Common Other (See Remarks) Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 5 Rooms Unit2 6 Rooms Unit3 6 Rooms Unit4 5

Property Features

Amenities Public TransportationParkHighway Access Apod Available Yes Assessments 3407600.00 Disclosure No Expenses Year End 99/99 Gross Operating Income 336000 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lease Unit4 Y Lender Owned No Multifamily Type 5-9 Family Net Operating Income 273058 Rent Description Unit1 Water Rent Description Unit2 Water Rent Description Unit3 Water Rent Description Unit4 Water Rent Unit1 3850 Rent Unit2 5100 Rent Unit3 5100 Rent Unit4 3850 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2022 Taxes 37720.36 Utility Connections For Gas Range Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning R3

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of John Pentore of Horvath & Tremblay.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-25T18:09:26.023.
 
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Listing courtesy of John Pentore of Horvath & Tremblay.