197 Havre St
$3,800,000
9
Beds
5/1
Baths
4,703
Sqft
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$3,800,000
9
Beds
5/1
Baths
4,703
Living Area
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Property Description
VALUE ADD Work finishing up and VALUE ADD for the savvy investor, for this amazing spacious 5 family in A+ location. Brand new 5-unit 4-story condo/apartment building. Havre Street is mostly new apartment and condominium buildings; located next to the tunnel and airport and highly sought as both condominium and rental buildings. The current owner would provide a second $300,000 at 1% 10-year balloon mortgage giving instant equity and market time to gain further. 2024 appraisal is $3,800,000, value in East Boston up 7% in the last year, new owner winning big. Get this cash cow for a short down payment. Great 1030 exchange or portfolio builder. ** Note: property hitting individual unit sales Monday July 7 if some savvy group does not snap up this amazing opportunity. Open house: Thursday 6/19 and Friday 6/20 11-2.
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Highlights
- Area: East Boston
- Has View: Yes
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 2025
- Cooling: Heat Pump
- Heating: Heat Pump
- Parking Spots: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 20
- Status: Active
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Additional Details
- Appliances: Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Oven, ENERGY STAR Qualified Refrigerator, Plumbed For Ice Maker
- Exclusions: This Is A Value Add As Is Listing With No Appliances. Its As Is Where Is. Option To Buy Complete
- Flooring: Wood, Tile, Concrete, Varies, Hardwood, Stone/Ceramic Tile
- Foundation Area: 2160
- Lot Features: Zero Lot Line, Level
- Roof: Rubber
- Total Number of Units: 5
- Year Built Details: Actual
- Zoning: A
- Construction: Frame, Conventional (2x4-2x6), Cement Board
- Exterior Features: Balcony/Deck, Balcony, Rain Gutters, Professional Landscaping, Sprinkler System, Decorative Lighting
- Foundation: Concrete Perimeter
- Interior Features: Crown Molding, Stone/Granite/Solid Counters, High Speed Internet, Bathroom with Shower Stall, Open Floorplan, Walk-In Closet(s), Slider, Kitchen, Family Room
- Road Frontage Type: Public
- SqFt Source: Owner
- View: City View(s)
- Year Built Source: Owner
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Parking Features: Off Street, Assigned, Deeded
- Covered Parking Spaces: 5
- Waterfront Features: Harbor, Ocean, Direct Access, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
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Utilities
- Electric: Circuit Breakers, 100 Amp Service, 200+ Amp Service, Individually Metered, Varies per Unit
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $2,037,600
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Hot Water), Unit 4(Water)
- Taxes: $23,595
- Home Warranty: 1
- Tax Year: 2025
- Total Rent: $20,400
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Listing information provided courtesy of The Greene Realty Group.
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