75 Webster Street, Boston, MA 02128
$1,150,000 - East Boston's Jeffries Point
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***INVESTMENT OPPORTUNITY*** Well maintained Jeffries Point Three unit investment comprised of (1), 1-bedroom/1-bathroom unit, and (2) 2-bedroom/1-bathroom units. Prominently positioned in the vibrant Jeffries Point neighborhood of East Boston. This Property presents a unique opportunity to acquire a fully leased core asset in an exceptional urban-infill location within one of the nation's most robust real estate markets. Fully leased with laundry room in the basement, and below market rents. Opportunity to dramatically increase the cash flow by achieving market rents through cosmetic renovations, expansion of living space into the basement, potential roof deck addition and strategic lease renewals. The Property is separately metered for electricity, which the tenants pay directly. The landlord is responsible for common area electric, and domestic water and sewer. Closing to take place in January 2025.
— MLSPIN #: 73299591Map of 75 Webster Street, Boston, MA 02128
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| List Price: | $1,150,000 |
|---|---|
| Status: | Contingent |
| MLS ID: | 73299591 |
| Town: | Boston |
| Neighborhood: | East Boston's Jeffries Point |
| County: | Suffolk |
| Zip: | 02128 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 5 |
| Full Baths: | 3 |
| Living Area: | 2,817 sqft |
| Acres: | 0.03 |
| Taxes: | 11,022 |
| Lot Features: | Other |
| Parking Features: | On Street |
| Status: | Active Under Contract |
| Water Source: | Public |
| Year Built: | 1900 |
| Directions: | Use GPS |
| Foundation Details: | Brick/Mortar |
| Listing Contract Date: | 2024-10-07 |
| Lot Size Area: | 0.03 |
| Lot Size Square Feet: | 1,100 |
| Rooms Total: | 11 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 2,817 |
| Community Features: | Public Transportation, Shopping, Park, Laundromat, Highway Access, Public School |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | W:01 P:04494 S:000, 1329700 |
| Sewer: | Public Sewer |
| Zoning: | R3 |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Property to be Sold As-Is with all tenants in place. Unit 1 is on lease to 6/30/27 $1750 per month. Unit 2 TAW $2250 . Unit 3 TAW $2350. Buyers and brokers to do any and all due diligence. All units have electric baseboard heat, each unit has their own gas hot water tank. |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Pro. Forma Available |
| Gross Income: | $76,200 |
| Listing Agreement: | Exclusive Right To Sell |
| Anticipated Sold Date: | 2025-01-27T05:00:00.000Z |
| Apod Available: | Yes |
| Comp Based On: | Net Sale Price |
| Disclosure: | Yes |
| Dpr Flag: | Yes |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | No |
| Lease 3: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $408.24 |
| Page: | 0 |
| Price Per Sqft: | $408.24 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Net Operating Income: | $58,629 |
| Original List Price: | $1,200,000 |
| Tax Assessed Value: | $1,011,200 |
| Tax Year: | 2024 |
| Total Actual Rent: | $6,350 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 1 |
| Bedrms 2: | 2 |
| Bedrms 3: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 1,750 |
| Rent2: | 2,250 |
| Rent3: | 2,350 |
Disclaimer:
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 10:38 PM
Property Last Updated: November 22, 2024 07:28 AM
Listing Courtesy of: Core Property Group, LLC
Listing Agent: Giancarlo Tiberi
617-909-9191
