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873-875 East Second, Boston MA 02127, Boston, Residential Income

$ 5,100,000
873-875 East Second, Boston MA 02127,
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Overview

  • Updated On:
  • May 24, 2022
  • 22 Bedrooms
  • 12 Bathrooms
  • 7,440 ft2

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.

Address: 873-875 East Second, Boston MA 02127
City:
State/County:
Zip: 02127
Country: US
Open In Google Maps
Property Id : 66667
Price: $ 5,100,000
Property Size: 7,440 ft2
Property Lot Size: 0 ft2
Rooms: 34
Bedrooms: 22
Bathrooms: 12
MLS Area: South Boston
Price per Sq. Ft.: 685.48
Bathrooms: 14
Cooling: Other, Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air), Unit 4(Central Air)
Flooring: Vinyl
Heating: Other, Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas), Unit 3(Forced Air, Gas), Unit 4(Forced Air, Gas)
Listing ID: 72956617
Price per Square Foot: 685.48
MLS Status: Under Agreement
Last Modified: 2022-05-24T01:11:00.000Z
Original List Price: 5100000
Total Parking Spaces: 4
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Stories Total: 9
Street Name: East Second
Street Number: 873-875
Utilities: for Gas Range
Other Features
Gas Water Heater
Has Cooling System
Has Heating System
Has Waterfront
Other
Other (See Remarks)
Unit 1 Rooms(Living Room,Kitchen)
Unit 1(Range,Dishwasher,Microwave,Washer,Dryer)
Unit 1(Stone/Granite/Solid Counters)
Unit 2 Rooms(Living Room,Kitchen)
Unit 2(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer)
Unit 2(Stone/Granite/Solid Counters)
Unit 3 Rooms(Living Room,Kitchen)
Unit 3(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer)
Unit 3(Stone/Granite/Solid Counters)
Unit 4 Rooms(Living Room,Kitchen)
Unit 4(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer)
Unit 4(Stone/Granite/Solid Counters)
Utility Connections for Gas Range

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