272-274B Meridian, Boston, MA 02128
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$2,295,000
5 Unit
11 Beds
5 Baths
2912 SQFT
0.06 Acre

Property Description

Own a mixed-use commercial/residential building in East Boston with strong cash flow or transform into a larger redevelopment project! This 4-story property features a commercial space on the street level, along with 3+ residential units above. Great for a profitable buy/hold with potential 7%+ cap rate. With notable luxury apartment developments nearby, take advantage of Mixed-Use 7 story Zoning Designation in this emerging and growing area of the East Boston Waterfront. Located in between East Boston’s Historic Eagle Hill and Maverick Square, enjoy the convenience of Liberty Plaza (CVS, Shaw's, Kappy's Liquors), Meridian street restaurants/shops and direct access to Downtown Boston via Maverick MBTA (0.5 mile) or water ferry!

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 14
  • Total Bedrooms: 11
  • Total Full Baths: 5
  • Amenities: Highway Access, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 183000
  • Net Operating Income: 183000

Utilities

  • Electric Info: Varies per Unit
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3

Unit 4 Description

  • Floors: 4

Construction

  • Year Built: 1899
  • Type: 4 Family
  • Construction Type: Aluminum, Brick, Frame, Stone/Concrete
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73289670
  • Last Updated: 11/18/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/18/2024Active$2,295,000$788MLSPIN
11/14/2024Price Change$2,295,000$788MLSPIN
10/26/2024Active$2,349,000$807MLSPIN
10/22/2024Extended$2,349,000$807MLSPIN
10/19/2024Active$2,349,000$807MLSPIN
10/15/2024Price Change$2,349,000$807MLSPIN
09/16/2024Active$2,399,500$824MLSPIN
09/12/2024New$2,399,500$824MLSPIN
11/11/2022Sold$1,725,000MLSPIN
04/22/2022Under Agreement$1,799,999MLSPIN
04/21/2022Price Change$1,799,999MLSPIN
02/28/2022Extended$1,999,999MLSPIN
02/28/2022Extended$1,799,999MLSPIN
06/30/2021Active$1,999,999MLSPIN

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Seller's Representative: Jorge Rodriguez, Carlton's Wharf & Co.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-18 03:05:00

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