$2,650,000
16
Beds
13/1
Baths
8,243
Living Area
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Property Description
1228-1242 Commercial Street is a 9-unit multifamily opportunity in East Weymouth comprised of a 6-unit and 3-unit property one tax parcel. The properties were extensively renovated and feature custom cabinetry, high-end appliance packages, modern bathrooms, updated flooring, recess lighting, central air-conditioning, in-unit laundry. The 6-unit was renovated to the studs and is fully sprinklered. The property is improved by a 0.2 acre lot that accommodates up to 10 vehicles. This is a great transit-oriented location convenient to the public bus and walking distance to the MBTA Commuter Rail. All the tenants are on at-will basis considerably below market for the quality of the units allowing an investor flexibility to improve rents upon purchase. Jackson Square continues to rapidly develop which bodes well for future property and rent appreciation.
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Highlights
- Cooling: Central Air, Ductless
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1868
- Heating: Forced Air, Natural Gas, Ductless
- Parking Spots: 10
- Property Type: 5-9 Family
- Total Rooms: 26
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Freezer
- Construction: Frame
- Foundation: Concrete Perimeter, Stone, Slab
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Unknown/Mixed
- Zoning: M-2
- Basement: Full, Unfinished
- Flooring: Wood
- Lot Features: Other
- Roof: Shingle, Rubber
- Total Number of Units: 9
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, Public School, T-Station
- Parking Features: Off Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $2,589,500
- Tax Year: 2026
- Total Rent: $17,100
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $26,457
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Listing information provided courtesy of Marcus & Millichap Real Estate Investment Services.
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