Sold!
$2,150,000
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Property Description
Prime investment opportunity in East Boston! This portfolio includes two three-unit buildings, sold together or separate, each with separate utilities, ensuring ease of management. The property features ample parking with space for 8 cars, a rare find in the area, and is not located in a flood zone, providing peace of mind. All tenants are tenants at will, offering unparalleled flexibility for rent adjustments and renovations. Significant upside potential exists by aligning current below-market rents with fair market rates. Located in a rezoned area under Plan East Boston, the properties allow for increased density and future construction projects, presenting a valuable opportunity for future development. These buildings are conveniently situated just a short walk from both the Wood Island and Orient Heights Blue Line stations, offering quick access to downtown Boston. With strategic improvements, investors can force equity and significantly enhance property value.
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Highlights
- Area: East Boston
- Property Class: Commercial Sale
- Status: Closed
- Parking Spots: 7
- Year Built: 1956
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Additional Details
- Roof: Rubber
- Zoning Description: Legal Conforming
- Zoning: R
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Fees / Taxes
- Tax Year: 2024
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