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Closed

229 London, Boston MA 02128

$925,000

Estimated $2,083.71/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $308,333.33

Total Rent: 73200/year

Estimated CAP Rate: 7.16%

7 Bedrooms

3 Full Baths

1,825 SqFt

Total Parking: 0

1,000 SqFt

Centrally located East Boston 3 Family! New owner would be purchasing a cash flowing asset at a 6.3% Cap rate right out of the gate. 229 London was renovated in 2016. Please see the Virtual tour attached to the listing. Reach out for your private showing today!

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 4:56am (Source: MLS PIN #73076228)

Gross Income: $73,200

Gross Expenses: $7,006

Net Income Calc: $66,194

CAP Rate: 7.16%

Annual Expenses for 229 London, Boston MA 02128

Total Gross Expenses (Calculated)$7,006/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,006

Annual Income & Unit Breakdown for 229 London, Boston MA 02128

Total Gross Income (Calculated)$73,200

Unit 1

Rental Income$1,775

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,125

LeaseY

Bedrooms3

Bathrooms

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,200

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 229 London, Boston MA 02128

Listing ID73076228

Property TypeMulti Family / 3 Family

Price$925,000 ($506.85/SqFt)

Style3 Family

CityBoston

CountySuffolk

MLS AreaEast Boston's Eagle Hill

Neighborhood(s)

Approximate Living Area Total1,825 SqFt

Approximate Lot Size (Acres)0.02 acres

Total Parking0

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

Zoning3f-2000

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 229 London, Boston MA 02128

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosurePublic record Livable Square Footage Is Incorrect

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$15,409

Total Gross Income By Broker$73,200

Total Net Income By Broker$57,791

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 229 London, Boston MA 02128

Real Estate Taxes$7,006

Tax Year2022

Assessed Value$651,500

Financial Data Source

Total Gross Expenses By Broker$15,409

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$73,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$57,791

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.16%

Location Information for 229 London, Boston MA 02128

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaEast Boston's Eagle Hill

Area Amenities

Contact Information for 229 London, Boston MA 02128

Agent

Name: Ryan Taylor

Office

Name: Fortune RE

Phone: 617-874-1000

Team Members

Name: Brayden Haney

Phone: 774-270-2612

Payment Calculator

, Interest

Property Taxes 583.83

Principal & Interest 5699.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fortune RE

Ryan Taylor

Agent Phone

Office Phone

(617) 874-1000

Text Agent Call Agent Call Office

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            [phone] => 617-874-1000
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    [patio_and_porch] => Array
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[perc_test] => Array
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[perc_test_date] => Unknown
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[phone] => 774-270-4020
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[road_frontage_type] => Array
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    [senior_community] => No
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EXIT

Closed

229 London, Boston MA 02128

$925,000

Annual Expenses for 229 London, Boston MA 02128

Annual Income & Unit Breakdown for 229 London, Boston MA 02128

General Information for 229 London, Boston MA 02128

Disclosures for 229 London, Boston MA 02128

Financial Information for 229 London, Boston MA 02128

Location Information for 229 London, Boston MA 02128

Contact Information for 229 London, Boston MA 02128

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Fortune RE

Ryan Taylor