1-4 Schrepel Pl
$6,200,000
20
Beds
12
Baths
11,070
Sqft
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$6,200,000
20
Beds
12
Baths
11,070
Living Area
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Property Description
1-4 Schrepel Pl consists of a three-story building containing twelve (12) units comprised of eight (8), 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units. The building has separate utilities and the tenants are responsible for their own electricity, electric heat and hot water. The building features a coin operated laundry facility in the basement, individual tenant storage spaces in the basement and eight (8) off street parking spaces. Several of the units have been renovated, featuring hardwood floors, cherry colored wood cabinets, granite countertops and stainless-steel appliances. The Property has been well maintained and is currently leased at below market rates offering the opportunity to significantly increase rents to market rates via lease renewals. The subject property is ideal for a potential buyer looking for income growth and strong investment returns in an exceptional, urban-infill location.
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Highlights
- Area: South Boston
- Parking Spots: 8
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 44
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1920
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Additional Details
- Foundation: Other
- Roof: Rubber
- Total Number of Units: 12
- Year Built Source: Public Records
- Lot Features: Level
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: A
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, T-Station, University
- Parking Features: Off Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $4,217,967
- Compensation Based On: Net Sale Price
- Tax Year: 25
- Total Rent: $32,670
- Buyer Agent Compensation: 1.5%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $49,321
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Listing information provided courtesy of Horvath & Tremblay.
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