650-654 Washington St, Boston, MA
Not Available - Off MarketPrice Reduced $74,000
0
This Property is No Longer Available
650-654 Washington St, Boston, MA 02124
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$825,000
Type: Commercial
Gross
2400 Bldg. SQFT
3 Restroom
Parking: N/A

Property Description

Great investment property in high-traffic area of Codman Square. 2 retail/office buildings being sold as 1 package. Each building has separate utilities. 654 is currently occupied with a lease until September 2023. Tenant pays all utilities, landlord pays taxes and insurance. Operating costs are based on only one building being under lease. Three 1/2 bathrooms, one full basement, and one 3/4 basement between both buildings.

Property Details tap to expand

Property Information

  • Location: Downtown, Public Transportation, Urban
  • Type: Commercial
  • Space Available: For Sale
  • Number of Buildings: 2
  • On File 21e: No
  • Location: Legal Conforming
  • Parking Feature: Common, Street
  • MLS ID#: 72950680

Financial

  • Building Assessed Value: 348700
  • Land Assessed Value: 115100
  • Total Assessed Value: 463800
  • Gross Annual Expenses: 13725
  • Gross Annual Income: 26400
  • Net Operating Income: 12675
  • Exchange: No
  • Lease: Yes
  • Lease Type: Gross
  • Lease Type: Other (See Remarks)
  • Sublet: No

Building Information

  • Total Units: 2
  • Stories: 1
  • Total SQFT: 2400
  • Total Restrooms: 3
  • Office Units: 1
  • Office SQFT: 1200
  • Retail Units: 1
  • Retail SQFT: 1200

Construction & Utilities

  • Construction: Brick, Stone/Concrete
  • Roof Material: Membrane, Rubber, Wood Shingles
  • Utilities: Natural Gas, Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/07/2023Temporarily Withdrawn$825,000$344MLSPIN
01/09/2023Active$825,000$344MLSPIN
01/05/2023Reactivated$825,000$344MLSPIN
01/01/2023Expired$825,000$344MLSPIN
10/02/2022Active$825,000$344MLSPIN
09/28/2022Price Change$825,000$344MLSPIN
09/18/2022Active$850,000$354MLSPIN
09/14/2022Price Change$850,000$354MLSPIN
07/23/2022Active$895,000$373MLSPIN
07/19/2022Price Change$895,000$373MLSPIN
04/18/2022Active$898,000$374MLSPIN
04/14/2022Price Change$898,000$374MLSPIN
03/09/2022Active$899,000$375MLSPIN
03/09/2022Active$898,000$374MLSPIN

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Seller's Representative: Ian Beam, Thread Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 0
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2023-06-07 21:09:00

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