1 Arion St, Boston, MA 02125
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$1,100,000
3 Unit
9 Beds
3 Baths
3084 SQFT
0.05 Acre

Property Description

Plug & play classic Boston 3-Family, triple-decker, offering a 6% Cap Rate with current, below-market, rents! Well maintained building with solid tenants, all TAWs, and neatly organized floor plans. Hardwood fir flooring throughout building, vinyl windows & vinyl siding. Roof is in good condition and foundation has been recently parge coated with new vinyl windows added in entire basement. High quality washer (Speed Queen) & dryer (Miele) in basement. Corner lot with a block garage and small driveway at the back of building. Large wood decks off the back of each Unit - accessed via the back hall from the respective kitchens. Gas cooking and heating throughout entire building with all newer hot water heaters also fueled by Gas. Tenants pay all utilities save Water & Sewer. Units 1 & 2 with Letters of Full Lead Compliance. Conveniently located 0.5 miles to improved South Bay Shopping Center & 0.5 miles to Savin Hill T. Must see for investor or owner occupant!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Lead Certification Available, Pantry
  • Common Appliances: Dryer - ENERGY STAR, Freezer, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: Yes
  • Gross Operating Income: 81600
  • Gross Expenses: 16800
  • Net Operating Income: 64800

Utilities

  • Heat Zones: 3
  • Electric Info: 100 Amps, Other (See Remarks)
  • Utility Connections: for Electric Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Roof Material: Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73286043
  • Last Updated: 09/09/24
  • Terms: Assumable, Seller 1st

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/09/2024Contingent$1,100,000$357MLSPIN
09/09/2024Active$1,100,000$357MLSPIN
09/05/2024New$1,100,000$357MLSPIN

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Seller's Representative: Andrew Maxfield, Andrew Maxfield Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 3
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-09 21:21:00

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