116 Brooks St
$1,700,000
6
Beds
6
Baths
2,872
Sqft
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$1,700,000
6
Beds
6
Baths
2,872
Living Area
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Property Description
116 Brooks Street contains a total of six residential units, consisting of four (4) Studio units and two (2) 1-Bedroom/1-Bathroom units. 116 Brooks Street has been impeccably maintained during its ownership and includes numerous upgrades including a new Lochinvar Boiler and HP Hot Water Tank (2021), various renovations to the units’ interiors (Unit 5 features condo-quality finishes) as well as upgraded common areas. The Landlord is responsible for heat & hot water as well as electric. In-place rents are below the current market rent for comparable units in the area, offering the Buyer the potential to raise rents and increase current revenue through programmatic upgrades of the unrenovated unit interiors as well as upgrading the building’s electrical service to feature separate electric. Unit 3 is currently vacant and will need to be renovated for the highest and best use. 116 Brooks Street is situated in an exceptional urban location in East Boston.
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Highlights
- Area: East Boston
- Property Class: Residential Income
- Stories: 3
- Year Built: 1899
- Levels: 3
- Property Type: 5-9 Family
- Total Rooms: 10
- Status: Active
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Additional Details
- Foundation: Other
- Roof: Rubber
- Total Number of Units: 6
- Year Built Source: Public Records
- Lot Features: Corner Lot
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R4
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
- Waterfront Features: 1/2 to 1 Mile To Beach
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $936,200
- Compensation Based On: Net Sale Price
- Taxes: $10,841
- Buyer Agent Compensation: 2.5%
- Tax Year: 25
- Total Rent: $11,880
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Listing information provided courtesy of Horvath & Tremblay.
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