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Expired

271 West 5th St, Boston MA 02127

$2,050,000

Estimated $4,432.49/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,025,000

Total Rent: 134400/year

Estimated CAP Rate: 5.91%

9 Bedrooms

4 Full Baths

2,874 SqFt

Total Parking: 0

1,306 SqFt

Centrally located in the heart of South Boston and 0.7 miles to Broadway Station and Andrew Station, the Property offers the rare opportunity to acquire an outstanding, turnkey core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a extensively renovated three-story building containing two units with one (1) 5-Bedroom/2-Bathroom unit and one (1) 4-Bedroom/2-Bathroom unit with 2,874 square feet of living area in 3,382 gross square feet on a 0.03-acre parcel. The Property is fully leased (with all units rented until 8/31/23) and has undergone a comprehensive renovation featuring condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems, tankless, Navien on-demand hot water systems, upgraded electrical service and new flooring throughout.

This home has been viewed 48 times

Last Checked: May 7th, 2024 at 1:46am (Source: MLS PIN #73055051)

Gross Income: $134,400

Gross Expenses: $13,301

Net Income Calc: $121,099

CAP Rate: 5.91%

Beach Front

Annual Expenses for 271 West 5th St, Boston MA 02127

Total Gross Expenses (Calculated)$13,301/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$13,301

Annual Income & Unit Breakdown for 271 West 5th St, Boston MA 02127

Total Gross Income (Calculated)$134,400

Unit 1

Rental Income$6,100

LeaseY

Bedrooms5

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$5,100

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

General Information for 271 West 5th St, Boston MA 02127

Listing ID73055051

Property TypeMulti Family / 2 Family

Price$2,050,000 ($713.29/SqFt)

Style2 Family - 2 Units Up/down

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total2,874 SqFt

Approximate Lot Size (Acres)0.03 acres

Total Parking0

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 271 West 5th St, Boston MA 02127

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$26,636

Total Gross Income By Broker$134,400

Total Net Income By Broker$107,764

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 271 West 5th St, Boston MA 02127

Real Estate Taxes$13,301

Tax Year2023

Assessed Value$1,211,400

Financial Data Source

Total Gross Expenses By Broker$26,636

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$134,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$107,764

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.91%

Location Information for 271 West 5th St, Boston MA 02127

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Boston

Area Amenities

Contact Information for 271 West 5th St, Boston MA 02127

Agent

Name: John Pentore

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Team Members

Name: Dennis Kelleher

Phone: 781-776-4002

Payment Calculator

, Interest

Property Taxes 1108.42

Principal & Interest 12631.45

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

John Pentore

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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    [description] => Centrally located in the heart of South Boston and 0.7 miles to Broadway Station and Andrew Station, the Property offers the rare opportunity to acquire an outstanding, turnkey core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a extensively renovated three-story building containing two units with one (1) 5-Bedroom/2-Bathroom unit and one (1) 4-Bedroom/2-Bathroom unit with 2,874 square feet of living area in 3,382 gross square feet on a 0.03-acre parcel. The Property is fully leased (with all units rented until 8/31/23) and has undergone a comprehensive renovation featuring condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems, tankless, Navien on-demand hot water systems, upgraded electrical service and new flooring throughout.
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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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    [state_code] => MA
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[terms] => Array
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        )

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[year_built] => 1890
    [year_built_details] => Approximate
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    [zip] => 02127
    [zoning] => R2
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EXIT