Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an ideal South Boston location - only two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone - restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit - this is an investor's dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!
— MLSPIN #: 73094948Map of 493-495 E 7th St, Boston, MA 02127
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| List Price: | $3,000,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73094948 |
| Town: | Boston |
| Neighborhood: | South Boston |
| County: | Suffolk |
| Zip: | 02127 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 9 |
| Full Baths: | 8 |
| Living Area: | 5,668 sqft |
| Acres: | 0.08 |
| Taxes: | 20,872 |
| Flooring: | Tile, Hardwood, Parquet |
| Lot Features: | Corner Lot |
| Parking Features: | On Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1905 |
| Roof: | Rubber |
| Window Features: | Insulated Windows, Screens |
| Directions: | Corner of Springer St and East 7th St |
| Foundation Details: | Brick/Mortar |
| Postal Code Plus4: | 4151 |
| Electric: | Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2023-04-04 |
| Lot Size Area: | 0.08 |
| Lot Size Square Feet: | 3,484 |
| Rooms Total: | 21 |
| Bathrooms Total Integer: | 8 |
| Basement: | true |
| Basement: | Full, Partially Finished, Walk-Out Access |
| Building Area Source: | Public Records |
| Building Area Total: | 5,668 |
| Exterior Features: | Rain Gutters |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 6 |
| Open Parking?: | Yes |
| Patio And Porch Features: | Deck - Wood, Patio |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Waterfront Features: | Beach Front, 0 to 1/10 Mile To Beach, Beach Ownership(Public) |
| Zoning: | R3 |
| Stories Total: | 9 |
| Year Built Source: | Public Records |
| Disclosures: | Water, sewer, heat, and hot water are included in the monthly rent. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $202,200 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Comp Based On: | Net Sale Price |
| Disclosure: | Yes |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Flrs 4: | 1 |
| Heat Units: | 1 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 2 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 2 |
| Listing Alert: | No |
| List Price Per Sqft: | $529.29 |
| Page: | 0 |
| Price Per Sqft: | $529.29 |
| Square Feet Incl Base: | Yes |
| Sub Agency Offered: | No |
| Year Round: | Yes |
| Net Operating Income: | $160,000 |
| Original List Price: | $2,950,000 |
| Tax Assessed Value: | $1,943,400 |
| Tax Year: | 2023 |
| Total Actual Rent: | $11,600 |
| Year Built Details: | Approximate, Renovated Since |
| Waterview Flag: | Yes |
| Bedrms 1: | 3 |
| Bedrms 2: | 1 |
| Bedrms 3: | 1 |
| Bedrms 4: | 2 |
| F Bths 1: | 2 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 2 |
| Hot Water: | Tank |
| Rent1: | 3,300 |
| Rent2: | 2,400 |
| Rent3: | 2,300 |
| Rent4: | 3,600 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 08:44 AM
Property Last Updated: August 20, 2024 05:15 AM
Listing Courtesy of: Compass
Listing Agent: Aranson Maguire Group
207-252-6771
