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$1,490,000
Total Beds: 5 Total Baths: 4
Total Units: 3 SQFT: 2370
LOT size: 0.03 Acres
317 Silver St
Boston, MA 02127

Property Description

317 Silver Street is an outstanding asset in South Boston available for sale for the first time in nearly 20 years. This multi-unit building generates strong annual income. The property has been well maintained and can be a strong addition to anyone’s portfolio. There are multiple strategies that could be a good fit for this property’s future. 1. Buy & Hold. Grow the cash flow and ride the appreciation wave 2. Renovate and expand and increase rents or convert and sell as condos. 3. Owner occupied investor, house-hacking. Live in one unit, rent the rest and enjoy low overhead. The Location is the undeniable, steps to the bus stop and only 7 tenths of a mile to the Red Line Broadway train station. We’re also one street away from the some of the most entertaining restaurants on Broadway Street.

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 8800
  • Total Floors: 6
  • Levels: 3
  • Total Rooms: 12
  • RMS: 16
  • Total Bedrooms: 5
  • Total Full Baths: 4
  • Amenities: Highway Access, Laundromat, Marina, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Partially Finished

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Expenses Year End: 12/19
  • Gross Operating Income: 105138
  • Gross Expenses: 23333
  • Electric Expenses: 866
  • Water/Sewer: 1153
  • INSC: 4082
  • Repairs & Maintenance: 2780
  • Net Operating Income: 81805

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Electric Info: Individually Metered
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 1700
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 3
  • Floors: 1
  • Bedrooms: 1
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Range, Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Gas, Hot Air Gravity, Hot Water Baseboard
  • Cooling: Window AC
  • Levels: 1

Unit 2 Description

  • Rent: 2700
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 2
  • Bedrooms: 2
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Range, Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Gas, Hot Air Gravity, Hot Water Baseboard
  • Cooling: Window AC
  • Levels: 1

Unit 3 Description

  • Rent: 2750
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 3
  • Bedrooms: 2
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Range, Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Gas, Hot Air Gravity, Hot Water Baseboard
  • Cooling: Window AC
  • Levels: 1

Unit 4 Description

  • Rent: 1650
  • Included in Rent: Water
  • Under Lease: No
  • Rooms: 1
  • Full Baths: 1
  • Other Rooms: Living RM/Dining RM Combo
  • Appliances: Microwave, Range, Refrigerator - Wine Storage
  • Heating: Electric, Forced Air, Space Heater
  • Cooling: Window AC
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Other (See Remarks), Varies Per Unit, Wall to Wall Carpet, Wood, Wood Laminate
  • Lead Paint: Unknown

Other Information

  • MLS ID# 72848536
  • Last Updated: 06/14/21

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