225 London St., Boston, MA 02128
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$999,900
3 Unit
3 Beds
3 Baths
2454 SQFT
0.02 Acre

Property Description

Exciting value-add opportunity in desirable East Boston! This mixed-use building offers both commercial and residential zoning, with a barber shop on the first floor under a 10-year lease. The current rent is $2,500/month and will increase to $3,000/month in May 2025, with an additional $100 increase each year until the lease ends in 2033. Units 2 and 3 are Tenants at Will, providing flexibility for future occupancy or rent adjustments. The 3rd flr unit has a renovated kit, and a bonus rm, while the 2nd flr offers potential for a 2nd bdrm and TLC. The roof is approx 4 yrs old, adding to the property’s overall value and appeal. Located just a 15-minute walk from the MBTA’s Airport Station, Bremen Street Dog Park, and the scenic East Boston Greenway, the property also provides easy access to major highways for convenient connections to downtown Boston and surrounding areas. Note: Some rooms in the top two units have been used as bedrooms but do not include closets. SOLD "AS IS"!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Partially Finished
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 99600
  • Net Operating Income: 99600

Utilities

  • Utility Connections: for Gas Range
  • 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: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1935
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73310600
  • Last Updated: 11/12/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/11/2024Active$999,900$407MLSPIN
11/07/2024New$999,900$407MLSPIN
11/17/2023Sold$700,000$285MLSPIN
10/19/2023Under Agreement$775,000$316MLSPIN
10/05/2023Contingent$775,000$316MLSPIN
09/23/2023Active$775,000$316MLSPIN
09/19/2023New$775,000$316MLSPIN
09/07/2023Expired$865,000$352MLSPIN
08/08/2023Active$865,000$352MLSPIN
08/04/2023Extended$865,000$352MLSPIN
07/02/2023Active$865,000$352MLSPIN
06/28/2023Price Change$865,000$352MLSPIN
06/10/2023Active$927,000$378MLSPIN
06/06/2023New$927,000$378MLSPIN

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Seller's Representative: Diana Franco, Century 21 North East
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 2024-11-12 08:11:00

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