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493-495 E 7th St, Boston MA 02127 – 9 bed 8 bath For Sale – 73094948

$ 3,000,000
493-495 E 7th St, Boston MA 02127, ,
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Overview

  • Updated On:
  • December 14, 2024
  • listingid
  • 73094948
  • 9 Bedrooms
  • 8 Bathrooms
  • 0 Garage Spaces
  • 0 Total Parking
  • 1905
  • HOA Fee

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

Property Id: 411462
Price: $ 3,000,000
Property Size: 5,668.00 ft2
Property Lot Size: 0.08 ft2
Rooms: 21
Bedrooms: 9
Bathrooms: 8
Full Bath: 8
Total Bathrooms: 8
Disclosures: Y
Basement: Full,Partially Finished,Walk-Out Access
Last Updated: 2024-08-20T09:15:52.293Z
Building Area Source: Public Records
Building Area Total: 5668
Building Area Units: Square Feet
Construction Materials: Frame
Directions: Corner of Springer St and East 7th St
Disclosures: Water,sewer,heat,and hot water are included in the monthly rent.
Electric: Circuit Breakers
Expiration Date: 1900-01-01
Flooring: Tile,Hardwood,Parquet
Foundation Details: Brick/Mortar
Gross Income: 202200
List Agent MlsId: TM343886
List Office MlsId: AN2383
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2023-04-04
Listing ID: 73094948
Lot Features: Corner Lot
Lot Size: 0.08
Lot Size SqFt: 3484
Lot Size Units: Acres
Date Available: No
Bedroom 1: 3
Bedroom 2: 1
Bedroom 3: 1
Bedroom 4: 2
Bath 1: 2
Bath 2: 1
Bath 3: 1
Bath 4: 2
Heating Units: 1
Hot Water: Tank
Lead Paint: Unknown
Lease 1: Y
Lease 2: Y
Lease 3: Y
Lease 4: Y
Unit 1 Living Levels: 2
Unit 2 Living Levels: 1
Unit 3 Living Levels: 1
Unit 4 Living Levels: 2
Listing Alert: No
Price Per SqFt: 529.29
Days in Market: 504
Total Days on Market: 504
Price Per SqFt: 529.29
Unit 1 Rent: 3300
Unit 2 Rent: 2400
Unit 3 Rent: 2300
Unit 4 Rent: 3600
Living Area Includes Basement: Yes
Team Member: CT009690
Water View: Yes
MLS Status: Active
Last Updated: 2024-08-20T09:13:00.000Z
Net Operating Income: 160000
Number Of Units: 6
Original List Date: 2023-04-04T20:41:00.000Z
Original List Price: 2950000
Parking Features: On Street
Patio And Porch Features: Deck - Wood,Patio
Road Type: Public
Roof: Rubber
Sewer: Public Sewer
State: MA
Status Change Time: 2024-06-14T09:22:00.000Z
Total Stories: 9
Tax Annua lAmount: 20872
Tax Assessed Value: 1943400
Tax Year: 2023
Total Actual Rent: 11600
Water Source: Public
Waterfront Features: Beach Front,0 to 1/10 Mile To Beach,Beach Ownership(Public)
Window Features: Insulated Windows,Screens
Year Built: 1905
Year Built Details: Approximate,Renovated Since
Year Built Source: Public Records
Zoning: R3

Payment Calculator

$ 17,189.21
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 14,389.21

Amenities and Features

Other Features
Open Parking
Rain Gutters

Property Address

Address: 493-495 E 7th St, Boston MA 02127
City:
Area:
State/County:
Zip: 02127
Country: US
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493-495 E 7th St, Boston MA 02127 | © 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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493-495 E 7th St, Boston MA 02127 – 9 bed 8 bath For Sale – 73094948

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