202-206 H Street Boston, MA SOLD

$5,775,000
Beds 30
Baths 9
Square Feet 7,705
Acres 0.08
Photo of 202-206 H Street Boston MA 02127

Sold By

Femion Mezini, Capital Realty Group



Description

Greater Metropolitan Real Estate is pleased to present this EXTREMELY RARE 9 UNIT investment property on the EAST SIDE of South Boston. The asset is comprised of three attached side by side 3-Families giving investors the opportunity to acquire 9 units at once, while utilizing residential financing. Prime location, just a 9-Iron chip shot away from the beach. The property features a very lucrative unit mix currently consisting of 30 bedrooms. (3) 2-level 4-bedroom apartments and (6) 3-bedroom apartments. All units have been recently renovated with hardwood floors, granite countertops, stainless steel appliances, and partial WATER VIEWS, etc. The massive, shared backyard and patio spans the length of the entire property giving this building a very unique amenity. There is VALUE-ADD potential in all three of the 4-bed duplex apartments (ask broker). STUNNING RENT ROLL averaging $32,500 per month the last three years and projected to reach or beat $33,000 per month or $396,000 per year.


Listed by Greater Metropolitan R. E.
Sold by Capital Realty Group, Femion Mezini

Details

MLS 72843223
Status Closed
Price $5,775,000
DOM 119 days
Type Multi-Family
Beds 30
Total Baths 9 full baths
Square Feet 7,705 sqft
Lot Size 0.08 acres
Year Built 1900

Lot & Building Features

Appliances Electric Water Heater
Construction Frame
Sewer Public Sewer
Tax Year 2021
Taxes Paid $35,979
Water Public
Foundation Concrete Perimeter
Roof Rubber
Full Baths 9
Parking On Street
Total Rooms 48
Basement Feature Finished, Full
Garage Spaces 0
Waterfront 0 to 1/10 Mile To Beach, Beach Front

Map

Multi-Family Home for Sale: 202-206 H Street, Boston, MA 02127 SOLD

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.