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 57 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
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 Tax13301
Annual Income & Unit Breakdown for 271 West 5th St, Boston MA 02127
Total Gross Income (Calculated)$134,400
Unit 1
Rental Income$0
LeaseY
Bedrooms5
Bathrooms2 Full
Floor1
Levels in Unit2
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor1
Levels in Unit2
Rent Includes
General Information for 271 West 5th St, Boston MA 02127
Listing ID73055051
Property TypeMulti Family / 2 Family
Price2050000 ($713.29/SqFt)
Style2 Family - 2 Units Up/down
CityBoston
CountySuffolk
MLS AreaSouth Boston
Neighborhood(s)
Approximate Living Area Total2874
Approximate Lot Size (Acres)0.03
Total Parking0
Garage Parking0
Year Built1890
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof Material
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningR2
Water Views
Water Views Features
Waterfront FeaturesRiver
Terms
Disclosures for 271 West 5th St, Boston MA 02127
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourceOther
ExclusionsPersonal Belongings
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 Compensation0
Sub-Agent Compensation0
Compensation Based OnGross/full Sale Price
Financial Information for 271 West 5th St, Boston MA 02127
Real Estate Taxes13301
Tax Year2023
Assessed Value$1,211,400
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 271 West 5th St, Boston MA 02127
Neighborhood(s)
MLS AreaSouth Boston
Area Amenities
Contact Information for 271 West 5th St, Boston MA 02127