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581 E 8th St, Boston MA 02127

$2,200,000

Estimated $5,201.04/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,100,000

Total Rent: 102000/year

Estimated CAP Rate: 3.75%

5 Bedrooms

3 Full Baths

2,057 SqFt

Total Parking: 5

3,750 SqFt

Two deeded condos with five off-street parking spaces in a desirable South Boston location. The first unit (850 sf) offers two bedrooms and a full bathroom. The second unit (1,207 sf) offers three bedrooms and two full bathrooms over two levels. Both units feature private outdoor space, generous sized bedrooms, in unit washer and dryer, central AC and hardwood floors throughout. Plans are available for rear expansion to enlarge Unit 1 and Unit 2 and to convert the third floor to a third unit. Plans would increase livable square footage by 1,689 square feet which would bring the total interior livable square footage to 3,746. Plans have not yet been permitted, buyer to do all due diligence, seller makes no representations as to the feasibility of the project. Individual condo sale packages with parking are also available.

This home has been viewed 50 times

Last Checked: May 24th, 2024 at 4:18am (Source: MLS PIN #73230425)

Gross Income: $102,000

Gross Expenses: $19,605

Net Income Calc: $82,395

CAP Rate: 3.75%

Beach Front

Annual Expenses for 581 E 8th St, Boston MA 02127

Total Gross Expenses (Calculated)$19,605/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$19,605.04

Annual Income & Unit Breakdown for 581 E 8th St, Boston MA 02127

Total Gross Income (Calculated)$102,000

Unit 1

Rental Income$3,500

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$5,000

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 581 E 8th St, Boston MA 02127

Listing ID73230425

Property TypeMulti Family / 2 Family

Price$2,200,000 ($1069.52/SqFt)

Style2 Family - 2 Units Up/down

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total2,057 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking5

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

Zoningres

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, 1/10 To 3/10 To Beach

Energy Features

Terms

Disclosures for 581 E 8th St, Boston MA 02127

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving area sqft does not include common area

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$102,000

Total Net Income By Broker$102,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 581 E 8th St, Boston MA 02127

Real Estate Taxes$19,605.04

Tax Year2024

Assessed Value$1,782,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$102,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$102,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.75%

Location Information for 581 E 8th St, Boston MA 02127

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Boston

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Tennis Court(s)

Contact Information for 581 E 8th St, Boston MA 02127

Agent

Name: Joshua Matt

Office

Name: WT Matt Realty

Phone: 617-482-4449

Payment Calculator

, Interest

Property Taxes 1633.75

Principal & Interest 13555.7

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

WT Matt Realty

Joshua Matt

Agent Phone

Office Phone

(617) 482-4449

Text Agent Call Agent Call Office

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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[uffi] => Array
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EXIT