Sold!
$1,050,000
7
Beds
2/1
Baths
2,281
Living Area
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Property Description
This is a prime investment opportunity boasting a strong rental history and significant potential for increased value and equity. This well-maintained two-family residential building features contemporary interior upgrades, along with updated mechanical systems, plumbing, and roof, ensuring minimal maintenance for years to come. With parking for 3-4 vehicles, a lovely yard, and a highly desirable location near restaurants, markets, beaches, parks, and the Blue Line, this property is perfectly positioned for long-term tenant appeal. Currently generating $7,400 in monthly rental income, this investment continues to grow year-over-year. The top-floor unit is secured with a 3-year lease, featuring pre-negotiated rent increases to $4,738/month in the second year and $4,880/month in the third year. Don't miss out on this excellent opportunity!
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Highlights
- Area: East Boston
- Parking Spots: 3
- Property Type: Multi Family
- Total Rooms: 11
- Status: Closed
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
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Additional Details
- Basement: Walk-Out Access, Unfinished
- Flooring: Hardwood
- Lot Features: Gentle Sloping
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R2
- Construction: Frame
- Foundation: Stone
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
- Waterfront Features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street, Stone/Gravel
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Utilities
- Electric: 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $952,800
- Taxes: $10,386
- Tax Year: 2024
- Total Rent: $7,200
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of William Raveis R.E. & Home Services.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
