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Expired

703 East Second Street, Boston MA 02127

$2,290,000

Estimated $4,869/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $763,333.33

Total Rent: 150600/year

Estimated CAP Rate:

8 Bedrooms

Baths

3060

Total Parking: 6

3,875 (0.09)

~~~ATTENTION DEVELOPERS & INVESTORS~~~ RARE turn key 3 family with large lot size & parking on South Boston's east side. The property is minutes to Seaport and around the corner from the new Edison power plant development. Perfect for an investor looking for an opportunity with potential for development. The property sits on large lot size of 3875 sq ft, buyer could potentially increase living space and rent roll while also maintaining parking in the rear of the building. This asset could work as a buy and hold for a rental building or could be developed as condos in the future. Unit one is a large modern 2 bed 1 bath , and units two and three are modern 3 bed 1 baths. All units have rear decks providing the tenants outdoor space. Currently occupied with a very strong rent roll until 8/31/23.

This home has been viewed 49 times

Last Checked: May 7th, 2024 at 12:01am (Source: MLS PIN #73046928)

Gross Income: $150,600

Gross Expenses: $13,872

Net Income Calc: $136,728

Water Views

Annual Expenses for 703 East Second Street, Boston MA 02127

Total Gross Expenses (Calculated)$13,872/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13872

Annual Income & Unit Breakdown for 703 East Second Street, Boston MA 02127

Total Gross Income (Calculated)$150,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 703 East Second Street, Boston MA 02127

Listing ID73046928

Property TypeMulti Family / 3 Family

Price2290000 ($748.37/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total3060

Approximate Lot Size (Acres)0.09

Total Parking6

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

Zoningres

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 703 East Second Street, Boston MA 02127

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation2

Compensation Based OnNet Sale Price

Financial Information for 703 East Second Street, Boston MA 02127

Real Estate Taxes13872

Tax Year2022

Assessed Value$1,275,000

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 703 East Second Street, Boston MA 02127

Neighborhood(s)

MLS AreaSouth Boston

Area Amenities

Contact Information for 703 East Second Street, Boston MA 02127

Agent

Name: John Federico

Office

Name: Greater Metropolitan R. E.

Phone: 617-523-2505

Payment Calculator

, Interest

Property Taxes 1156

Principal & Interest 14110.25

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Greater Metropolitan R. E.

John Federico

Agent Phone

Office Phone

(617) 523-2505

Text Agent Call Agent Call Office

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    [unparsed] => 703 East Second Street, Boston MA 02127
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EXIT

25 More Photos

Expired

703 East Second Street, Boston MA 02127

$2,290,000

Annual Expenses for 703 East Second Street, Boston MA 02127

Annual Income & Unit Breakdown for 703 East Second Street, Boston MA 02127

General Information for 703 East Second Street, Boston MA 02127

Disclosures for 703 East Second Street, Boston MA 02127

Financial Information for 703 East Second Street, Boston MA 02127

Location Information for 703 East Second Street, Boston MA 02127

Contact Information for 703 East Second Street, Boston MA 02127

Agent

Office

Payment Calculator

Exclusive Listing Agent

Greater Metropolitan R. E.

John Federico