493-495 E 7th St, Boston, MA 02127
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$3,000,000
6 Unit
9 Beds
8 Baths
5668 SQFT
0.08 Acre

Property Description

Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an ideal South Boston location - only two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone - restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit - this is an investor's dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 9
  • Total Full Baths: 8
  • Basement Features: Full, Partially Finished, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 202200
  • Net Operating Income: 160000

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

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

Construction

  • Year Built: 1905
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Parquet, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73094948
  • Last Updated: 08/20/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/18/2024Active$3,000,000$529MLSPIN
06/14/2024Extended$3,000,000$529MLSPIN
06/24/2023Active$3,000,000$529MLSPIN
06/20/2023Extended$3,000,000$529MLSPIN
05/21/2023Active$3,000,000$529MLSPIN
05/17/2023Price Change$3,000,000$529MLSPIN
04/08/2023Active$2,950,000$520MLSPIN
04/04/2023New$2,950,000$520MLSPIN

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Seller's Representative: Aranson Maguire Group, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-08-20 05:13:00

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