115 Porter Street, Boston, MA
Not Available - Off MarketPrice Reduced $501,000
0
This Property is No Longer Available
115 Porter Street, Boston, MA 02128
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$2,999,000
3 Unit
4 Beds
3 Baths
3750 SQFT
0.05 Acre

Property Description

Two story brick building zone mixed-use with two resident units, one commercial space, two tandem parking spaces and an advertising billboard.Both residential units were renovated in 2012 and both units are two-bedroom, one-bathroom, wall-to-wall carpet and are both units are located on the second floor, and the commercial space is on the first floor, and it is 1250 square feet of usable space. The current billboard lease has 24 years remaining with 5 year option and the property owner has full ownership of the Billboard Permit at the end of the current lease. Current annual gross income is $214,728 and all units are currently leased.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Public School, Public Transportation, T-Station, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 210888
  • Gross Expenses: 13345
  • Electric Expenses: 1680
  • Water/Sewer: 1425
  • INSC: 2800
  • Repairs & Maintenance: 6000
  • Management Fee: 600
  • Miscellaneous Expense: 840
  • Net Operating Income: 210888

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Electric Info: 100 Amps, 110 Volts, 200 Amps, 220 Volts, At Street, Circuit Breakers, Individually Metered, On-Site, Other (See Remarks), Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: None, Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Laundry, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Individual, Oil, Oil, Unit Control
  • Cooling: Central Air, Individual, None, Unit Control
  • Levels: 1

Unit 2 Description

  • Included in Rent: None, Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Laundry, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior Features: Wall to Wall Carpet
  • Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Individual, Oil, Oil, Unit Control
  • Cooling: Central Air, Individual, None, Unit Control
  • Levels: 1

Unit 3 Description

  • Included in Rent: None, Water
  • Under Lease: Yes
  • Floors: 1
  • Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Individual, Oil, Oil, Unit Control
  • Cooling: Central Air, Individual, None, Unit Control
  • Levels: 1

Unit 4 Description

  • Included in Rent: None
  • Under Lease: Unknown

Construction

  • Year Built: 1970
  • Type: 3 Family
  • Construction Type: Brick
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Wall to Wall Carpet
  • Lead Paint: None
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73071297
  • Last Updated: 09/30/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/30/2023Expired$2,999,000$800MLSPIN
06/23/2023Temporarily Withdrawn$2,999,000$800MLSPIN
06/23/2023Active$2,999,000$800MLSPIN
06/19/2023Extended$2,999,000$800MLSPIN
03/14/2023Active$2,999,000$800MLSPIN
03/10/2023Price Change$2,999,000$800MLSPIN
01/21/2023Active$3,500,000$933MLSPIN
01/17/2023New$3,500,000$933MLSPIN

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

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MLS PIN data last updated at 2023-09-30 03:05:00

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