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Closed

693-695 East 6th St., Boston MA 02127

$1,599,900

Estimated $3,626.48/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $799,950

Total Rent: 108708/year

Estimated CAP Rate: 6.02%

6 Bedrooms

4 Full Baths

3,172 SqFt

Total Parking: 1

1,650 SqFt

Exciting opportunity to own a rock solid 2 family investment on South Boston's east side! This two family has a stellar rent roll at over 9k per month with potential of an increase this year, as leases expire in August 2023, allowing one to take full advantage of the hot Southie rental market. The building was renovated in 2013, the top floor 2 bed 2 bath boasts an expansive open layout with top of the line finishes, built-in cabinets, fireplace and a deck which makes this an either perfect rental or condo quality owner occupied home. Unit 1 is a 4 bed 2 bath duplex that builds up the cash flow with steady rental income. This prime property also includes an off-street parking spot!! The sellers are motivated and you should be too! Don't miss out on your chance to own this rare turn-key gem investment!

This home has been viewed 23 times

Last Checked: May 7th, 2024 at 6:06am (Source: MLS PIN #73103337)

Gross Income: $108,708

Gross Expenses: $12,387

Net Income Calc: $96,321

CAP Rate: 6.02%

Beach Front

Annual Expenses for 693-695 East 6th St., Boston MA 02127

Total Gross Expenses (Calculated)$12,387/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,387

Annual Income & Unit Breakdown for 693-695 East 6th St., Boston MA 02127

Total Gross Income (Calculated)$108,708

Unit 1

Rental Income$5,459

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$3,600

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 693-695 East 6th St., Boston MA 02127

Listing ID73103337

Property TypeMulti Family

Price$1,599,900 ($504.38/SqFt)

StyleMulti Family

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total3,172 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking1

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 DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

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

Energy Features

Terms

Disclosures for 693-695 East 6th St., Boston MA 02127

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$108,708

Total Net Income By Broker$108,708

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 693-695 East 6th St., Boston MA 02127

Real Estate Taxes$12,387

Tax Year2023

Assessed Value$1,143,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$108,708

BostonRealEstate.com Gross Income

Total Net Income By Broker$108,708

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.02%

Location Information for 693-695 East 6th St., Boston MA 02127

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Boston

Area Amenities

Contact Information for 693-695 East 6th St., Boston MA 02127

Agent

Name: Brian Byrnes

Office

Name: City Residential Boston

Phone: 617-266-6900

Team Members

Name: Marta Byrnes

Phone: 617-894-8894

Payment Calculator

, Interest

Property Taxes 1032.25

Principal & Interest 9858.07

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

City Residential Boston

Brian Byrnes

Agent Phone

Office Phone

(617) 266-6900

Text Agent Call Agent Call Office

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                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[20] => Array
                (
                    [id] => 7411177
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[21] => Array
                (
                    [id] => 7411178
                    [name] => MLS22.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[22] => Array
                (
                    [id] => 7411179
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[23] => Array
                (
                    [id] => 7411180
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[24] => Array
                (
                    [id] => 7411181
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[25] => Array
                (
                    [id] => 7411182
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[26] => Array
                (
                    [id] => 7411183
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[27] => Array
                (
                    [id] => 7411184
                    [name] => MLS28.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73103337&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

[28] => Array
                (
                    [id] => 7411185
                    [name] => MLS29.jpg
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                    [index] => 29
                    [enabled] => 1
                    [created] => 2024-05-07 06:06:30
                    [modified] => 2024-05-07 06:06:30
                )

)

)

EXIT