The property consists of two adjacent, three-story, three family buildings containing six units with (4) 4-Bedroom/1.5-Bathroom units and (2) 3-Bedroom/1.5 Bathroom units. The Property is fully occupied and has undergone extensive renovations and features condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in all units, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include dishwashers and laundry in all units, rear decks, off-street parking and oversized backyard which creates incredible outdoor space for tenants in an urban-infill location. The opportunity exists to increase the parking on the property by converting the backyard space into a parking area. Additionally, all leases currently expire 8/31/22. 5 of 6 units have been renewed or leased for 9/1/22– 8/31/23. 5.4% Cap Rate at Renewal Rates. Showing Thursday, 4/28 by APPT. only.
Off market
$5,371,300
873-875 E 2nd St, Boston, MA 02127
22beds
7,440sqft
5-9 Family
Built in 1890
-- sqft lot
$5,371,300 Zestimate®
$722/sqft
$5,117 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 29, 2022 at 05:49pm
Listed by:
John Pentore,
Horvath & Tremblay
Bought with:
Craig Shames Esq.
Conway Commercial
Source: MLS PIN,MLS#: 72956617
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 12
- Full bathrooms: 12
- 1/2 bathrooms: 4
Heating
- Other
Cooling
- Other
Features
- Other
- Flooring: Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 7,440
- Total interior livable area: 7,440 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Tandem
Features
- Patio & porch: Deck
- Waterfront features: Beach Front, Bay, Harbor, 1/2 to 1 Mile To Beach
Lot
- Size: 6,098 sqft
- Features: Other
Details
- Parcel number: 0603784000/0603785000
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Park, Highway Access
Location
- Region: Boston
HOA & financial
Other financial information
- Total actual rent: 27600
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Estimated market value
$5,371,300