891-893 E Broadway, Boston, MA 02127
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$2,000,000
2 Unit
9 Beds
3 Baths
3087 SQFT
0.08 Acre

Property Description

The Property consists of a 2-story building containing 2 residential units comprised of (1) 5-Bedroom/2-Bathroom duplex unit and (1) 3.5-Bedroom/1-Bathroom unit. The extensively renovated, direct entry units feature condo quality finishes including brand new kitchens with quartz counter tops, white shaker cabinets, stainless-steel appliances, in-unit laundry, hardwood and vinyl plank flooring, tile kitchens and bathrooms. Both units also have private rear decks in addition to a large backyard. The property features a newly painted exterior, new electrical service featuring 100amp service to each unit, Navien on-demand tankless hot water as well as brand new HVAC systems and new windows. Additionally, the finished basement features a new sprinkler system. The desirable building is individually metered for heat, cooling, hot water and electricity which the tenants pay directly. The subject property is ideal for a potential buyer looking for income growth and investment returns.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Other (See Remarks), Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails
  • Basement Features: Finished, Full, Other (See Remarks)

Financial

  • APOD Available: No
  • Gross Operating Income: 138000
  • Gross Expenses: 29498
  • Net Operating Income: 108502

Utilities

  • Electric Info: 100 Amps, Individually Metered, Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Appliances: Dryer, Washer
  • Interior Features: Balcony/Deck
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Central Air
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Office/Den
  • Appliances: Dryer, Washer
  • Interior Features: Balcony/Deck
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Central Air
  • Levels: 1

Construction

  • Year Built: 1900
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73199434
  • Last Updated: 02/09/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/09/2024Active$2,000,000$648MLSPIN
02/05/2024New$2,000,000$648MLSPIN

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Seller's Representative: John Pentore, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5%
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-02-09 03:05:00