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You are here:
$2,400,000
Type: 5+ Residential
Lease Type N/A
SQFT: N/A
6 Restroom
Parking: N/A
838-842 Saratoga
Boston, MA 02128

Property Description

Prime investment opportunity in East Boston! This portfolio includes two three-unit buildings, sold together or separate, each with separate utilities, ensuring ease of management. The property features ample parking with space for 8 cars, a rare find in the area, and is not located in a flood zone, providing peace of mind. All tenants are tenants at will, offering unparalleled flexibility for rent adjustments and renovations. Significant upside potential exists by aligning current below-market rents with fair market rates. Located in a rezoned area under Plan East Boston, the properties allow for increased density and future construction projects, presenting a valuable opportunity for future development. These buildings are conveniently situated just a short walk from both the Wood Island and Orient Heights Blue Line stations, offering quick access to downtown Boston. With strategic improvements, investors can force equity and significantly enhance property value.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: 5+ Residential
  • Location: Legal Conforming
  • MLS ID#: 73280903

Construction & Utilities

  • Utilities: Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
08/26/2024Active$2,400,000MLSPIN
08/22/2024New$2,400,000MLSPIN

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Seller's Representative: The Reference Group, Reference Real Estate

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MLS PIN data last updated at 2024-08-26 03:05:00