$1,299,999

House for sale Boston
Property photo number 1 of 16 Photos for Property. File  106410395_29_b172a3e46d505c358074ac8fb351e49d.jpeg

Overview

SUMMARY: Discover an opportunity with this Boston house for sale and available for $1,299,999. This could be your next ideal home or a smart investment. More details await.
RARE BELOW MARKET OPPORTUNITY with significant equity and cash flow upside in coming years. Renovated 3 family brick row house in Boston's desirable South End zip code of 02118, including a total of 8 bedrooms, 3 bathrooms and a total of 3,504sqft. All 3 units are rented with high performing leases. Detailed rent roll and full 2025/2026 PandL available upon request. Unit 1: 2 bedroom, 1 bath - $2,278/month (80% AMI), Unit 2: 3 bedroom, 1 bath - $1,948/month (60% AMI), Unit 3: 3 bedroom, 1 bath - $2,500/month (80% AMI). No BPDA restrictions on the sale or buyer qualifications. Rent limit restrictions (AMI percentages above) will expire in 2038, unlocking full market value rents. Full deed restriction details, including title insurance verification of 2038 expiration available upon request. Currently offered at a cap rate of ~5, with substantial upside in future years, as AMI limits increase and with the eventual expiration of deed restriction in 2038. Recent improvements include: full lead paint compliance/certification, plumbing, new indirect water heaters (2), refurbished gas boiler systems (3), reinforced masonry - basement and exterior. Completely renovated entranceway, including new front stairs, new front door and digital locking system, new entranceway paneling and lighting. New appliances (unit 1 stove and unit 2 fridge)
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Boston MA 02118

8 bedroom house for sale

  • Beds: 8
  • Baths: 3
  • Price: $1,299,999
  • Reference No.: 97445873
  • Area: 2,628 sqft

Location

Boston MA 02118

8 bedroom house for sale

< House Boston

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Marketed by:

  • Jason G. Mahoney Esq.
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This House for sale is located at Boston MA 02118. The home has 8 Bedroom and 3 Bathrooms. This 8 bedroom House in Boston MA is for sale for $1,299,999 .

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