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493-495 E 7th St

South Boston, Boston, MA 02127
$3,000,000
9 Beds
8 Baths
5,668 Living Area
  • 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!
  • Highlights
    • Area: South Boston
    • Property Type: 5-9 Family
    • Year Built: 1905
    • Property Class: Residential Income
    • Total Rooms: 21
    • Status: Active
  • Additional Details
    • Basement: Full, Partially Finished, Walk-Out Access
    • Exterior Features: Rain Gutters
    • Foundation: Brick/Mortar
    • Road Frontage Type: Public
    • Total Number of Units: 6
    • Year Built Source: Public Records
    • Construction: Frame
    • Flooring: Tile, Hardwood, Parquet
    • Lot Features: Corner Lot
    • Roof: Rubber
    • Year Built Details: Approximate, Renovated Since
    • Zoning: R3
  • Amenities
    • Parking Features: On Street
    • Waterfront Features: Beach Front, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $1,943,400
    • Compensation Based On: Net Sale Price
    • Taxes: $20,872
    • Buyer Agent Compensation: 2.5%
    • Tax Year: 2023
    • Total Rent: $11,750

Location

493-495 E 7th St, Boston, MA 02127

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