Address
493-495 E 7th St, Boston, MA
Price
$ 3,000,000
Property Attributes
- MLS#73094948
- TypeMulti-Family
- CountySUFFOLK
- CityBoston
- AreaSouth Boston
- Zip02127
- Style5-9 Family
- Year Built1905
- Taxes$ 20872
- Price$ 3,000,000
- Bedrooms9
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage5668
- Lot Size3,485 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
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!
| Price History | |
|---|---|
| 4/4/2023 | Listed $2,950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Roof | Rubber |
| Exterior Features | Rain Gutters |
| Zoning | R3 |
| Patio/Porch Features | Deck - Wood,Patio |
| Construction Materials | Frame |
| Year Built | 1905 |
| Electric | Circuit Breakers |
| Property SubType | 5-9 Family |
| Tax Year | 2023 |
| Gross Income | 202200 |
| Waterfront Features | Beach Front,0 to 1/10 Mile To Beach,Beach Ownership(Public) |
| County | Suffolk |
| Net Operating Income | 160000 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Total Rooms | 21 |
| Status | Active |
| Directions | Corner of Springer St and East 7th St |
| City | Boston |
| Disclosures | Water,sewer,heat,and hot water are included in the monthly rent. |
| Senior Community Y/N | No |
| Total Units | 6 |
| MLS Area | South Boston |
| Lot Size Square Feet | 3484 |
| Waterfront Y/N | No |
| Street Name | E 7th St |
| Year Built Details | Approximate,Renovated Since |
| Tax Annual Amount | 20872 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1943400 |
| Total Actual Rent | 11600 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full,Partially Finished,Walk-Out Access |
|---|---|
| Flooring | Tile,Hardwood,Parquet |
| Total Stories | 9 |
| Window Features | Insulated Windows,Screens |
| Fireplace Y/N | No |
| Full Baths | 8 |
| Total Bedrooms | 9 |
| Total Baths | 8 |
Exterior Features
| Parking Features | On Street |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Lot Size Area | 0.08 |
| Foundation Details | Brick/Mortar |
| Spa | No |
| Building Area Total | 5668 |
| Lot Size Acres | 0.08 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02127
Price
Taxes
Visits
Year Built
Walkscore
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
