428-432 East Third Street
$4,000,000
9
Beds
9/9
Baths
8,024
Sqft
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$4,000,000
9
Beds
9/9
Baths
8,024
Living Area
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Property Description
Presenting 428-432 E Third St, a tremendous investment opportunity located in the heart of South Boston comprised of a 3 story, 9-unit apartment building. Although meticulously maintained by ownership, the property presents significant value-add opportunity to increase rents through cosmetic improvements. The property is currently 100% leased at below market rents. Additionally, the property presents a potential condominium conversion opportunity. 428-432 E Third is part of a larger portfolio with 444 E Third St, the longtime home of USPS. The two sites total 21,543 SF of development potential.
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Highlights
- Levels: 18
- Property Type: 5-9 Family
- Total Rooms: 18
- Status: Active
- Property Class: Residential Income
- Stories: 18
- Year Built: 1899
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Additional Details
- Construction: Brick, Stone
- Foundation: Concrete Perimeter, Brick/Mortar
- Roof: Rubber
- Total Number of Units: 9
- Year Built Source: Public Records
- Fireplaces: 18
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: 9
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $9
- Tax Year: 9
- Total Rent: $19,998
- Buyer Agent Compensation: 2%
- Taxes: $9
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Listing information provided courtesy of Cushman & Wakefield.
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