WATERFRONT & TURN-KEY! Rarely available 4-unit brick trophy-property on the coveted waterside of Webster Street with spectacular A+ views of the Boston skyline! One of the last opportunities to own a full building that boasts both direct views onto historic Brophy Park as well as views of the Boston Harbor/skyline. This once in every 30-year opportunity is the ultimate choice for an owner-occupant looking to reside in the penthouse unit and rent the other three units. This property would also be an ideal buy/hold for any investment portfolio seeking to get into the red-hot Jeffries Point market. This one of a kind property consist of (3) recently updated one bedroom rental units (with additional possible expansion space into the basement area) and a penthouse duplex owner's unit with one off-street parking space. The building has undergone numerous capital improvements and all units are leased at top-market value with leases expiring 6/30/23.
This home has been viewed 34 times
Last Checked: May 7th, 2024 at 6:06am (Source: MLS PIN #73099877)
Gross Income: $118,680
Gross Expenses: $9,118
Net Income Calc: $109,562
CAP Rate: 5.48%
Water Views
Annual Expenses for 187 Webster St, Boston MA 02128
Total Gross Expenses (Calculated)$9,118/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,118.26
Annual Income & Unit Breakdown for 187 Webster St, Boston MA 02128
Total Gross Income (Calculated)$118,680
Unit 1
Rental Income$2,150
LeaseY
Bedrooms1
Bathrooms1 Full
Floor0
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$1,900
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income$2,390
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 4
Rental Income$3,450
Lease
Bedrooms1
Bathrooms2 Full
Floor4
Levels in Unit2
HeatingYes
Rent Includes
General Information for 187 Webster St, Boston MA 02128
Listing ID73099877
Property TypeMulti Family / 4 Family
Price$1,999,999 ($534.76/SqFt)
Style4 Family
CityBoston
CountySuffolk
MLS AreaEast Boston's Jeffries Point
Neighborhood(s)
Approximate Living Area Total3,740 SqFt
Approximate Lot Size (Acres)0.05 acres
Total Parking1
Garage Parking
Year Built1905
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningR4
Zoning Details
Water ViewsYes
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 187 Webster St, Boston MA 02128
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$77,280
Total Net Income By Broker$77,280
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5%%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 187 Webster St, Boston MA 02128
Real Estate Taxes$9,118.26
Tax Year2023
Assessed Value$849,000
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$77,280
BostonRealEstate.com Gross Income
Total Net Income By Broker$77,280
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.48%
Location Information for 187 Webster St, Boston MA 02128
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaEast Boston's Jeffries Point
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Marina
Contact Information for 187 Webster St, Boston MA 02128