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272-274B Meridian, Boston MA 02128 – 11 bed 5 bath For Sale – 73289670

$ 2,295,000
272-274B Meridian, Boston MA 02128, ,
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Overview

  • Updated On:
  • December 16, 2024
  • listingid
  • 73289670
  • 11 Bedrooms
  • 5 Bathrooms
  • 0 Garage Spaces
  • 0 Total Parking
  • 1899
  • HOA Fee

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

Property Id: 427551
Price: $ 2,295,000
Property Size: 2,912.00 ft2
Property Lot Size: 0.06 ft2
Rooms: 19
Bedrooms: 11
Bathrooms: 5
Full Bath: 5
Total Bathrooms: 5
Disclosures: N
Basement: Full,Interior Entry,Concrete
Last Updated: 2024-12-16T15:33:25.701Z
Building Area Source: Public Records
Building Area Total: 2912
Building Area Units: Square Feet
Community Features: Public Transportation,Shopping,Highway Access,Public School,T-Station
Construction Materials: Frame,Brick,Stone
Directions: Take Maverick T, walk 0.5 miles
Disclosures: Buyer to perform due diligence on zoning. #2 is a 3 BD/1 BTH,currently vacant (rent comps $3000-$3300/month). Current gross income includes vacancy for #2. Financials to be delivered upon request. Utility room accessed through barbershop. This is a legal three-family plus commercial.
Electric: Varies per Unit
Expiration Date: 1900-01-01
Flooring: Tile,Vinyl,Varies,Hardwood
Foundation Details: Concrete Perimeter
Gross Income: 183000
List Agent MlsId: CN202185
List Office MlsId: AN2814
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-09-12
Listing ID: 73289670
Lot Features: Corner Lot,Gentle Sloping,Level
Lot Size: 0.06
Lot Size SqFt: 2534
Lot Size Units: Acres
Anticipated Sale Date: 2025-02-17T05:00:00.000Z
Date Available: No
Bedroom 2: 4
Bedroom 3: 3
Bedroom 4: 2
Bath 2: 2
Bath 3: 3
Bath 4: 1
Hot Water: Natural Gas
Lead Paint: Unknown
Lease 1: Y
Lease 2: Y
Unit 1 Living Levels: 1
Unit 2 Living Levels: 1
Listing Alert: No
Price Per SqFt: 788.12
Days in Market: 95
Total Days on Market: 95
Price Per SqFt: 788.12
Unit 1 Rent: 8000
Unit 2 Rent: 3700
Unit 4 Rent: 1650
Living Area Disclosure: Living area is according public records, may be larger, buyer to perform due diligence
Living Area Includes Basement: No
Team Member: CN221576
MLS Status: Under Agreement
Last Updated: 2024-12-16T15:33:00.000Z
Net Operating Income: 183000
Number Of Units: 5
Off Market Date: 2024-12-16
Original List Date: 2024-09-13T00:58:00.000Z
Original List Price: 2399500
Parcel Number: 1330201
Parking Features: On Street
Patio And Porch Features: Patio - Enclosed
Purchase Contract Date: 2024-12-16
Road Type: Public
Roof: Rubber
Sewer: Public Sewer
State: MA
Status Change Time: 2024-12-16T15:33:00.000Z
Total Stories: 14
Tax Annua lAmount: 16953
Tax Year: 2024
Total Actual Rent: 15250
Water Source: Public
Year Built: 1899
Year Built Details: Actual,Renovated Since
Year Built Source: Public Records

Payment Calculator

$ 13,149.75
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 11,007.75

Amenities and Features

Other Features
Open Parking
Varies per Unit

Property Address

Address: 272-274B Meridian, Boston MA 02128
City:
Area:
State/County:
Zip: 02128
Country: US
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272-274B Meridian, Boston MA 02128 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

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272-274B Meridian, Boston MA 02128 – 11 bed 5 bath For Sale – 73289670

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