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$2,200,000
Total Beds: 2 Total Baths: 4
Total Units: 3 SQFT: 2844
LOT size: 0.03 Acres
584-586 E Broadway
Boston, MA 02127

Property Description

Mixed-use Multi-family FOR SALE! Prime East side location in booming South Boston neighborhood. 3 units up and down + bonus commercial unit at 101 Emerson at rear of building. First floor East Broadway commercial space currently being used as a yoga and fitness studio. Renovated approx. 6 years ago with new facade and interior finishes. Both rental units are tenanted and are 1-bed 1-bath layouts. Lower level "bonus" commercial space is currently being occupied as a long standing South Boston Salon "Louis & Co." Prior plans were completed to convert the second and third floor into two, 2-bed 2-bath units adding additional square footage above the rear of the yoga studio which is currently a flat rubber roof. (plans upon request!) This is a fantastic value-add opportunity as a long term buy & hold with strong rental history and an established commercial tenant in a thriving neighborhood. Private showings available with 24+ hours advance notice.

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 7300
  • Total Floors: 6
  • Levels: 4
  • Total Rooms: 15
  • RMS: 10
  • Total Bedrooms: 2
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Amenities: Highway Access, House of Worship, Laundromat, Marina, Park, Public Transportation, Shopping, T-Station, University

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Expenses Year End: 12/20
  • Gross Operating Income: 87600
  • Gross Expenses: 19497
  • Net Operating Income: 68103

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 3500
  • Under Lease: Yes
  • Rooms: 2
  • Floors: 1
  • Half Baths: 1
  • Levels: 1

Unit 2 Description

  • Rent: 2000
  • Under Lease: Yes
  • Rooms: 3
  • Floors: 2
  • Bedrooms: 1
  • Full Baths: 1
  • Levels: 1

Unit 3 Description

  • Rent: 1800
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 3
  • Bedrooms: 1
  • Full Baths: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Rooms: 6
  • Half Baths: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Vinyl, Wood
  • Lead Paint: Unknown
  • Year Round: Yes

Other Information

  • MLS ID# 72848380
  • Last Updated: 06/14/21
  • Terms: Contract for Deed, Lease Back, Option Available, Rent w/Option

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