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$2,000,000
Total Beds: 2 Total Baths: 4
Total Units: 4 SQFT: 3332
LOT size: 22.96 Acres
584-586 E Broadway
Boston, MA 02127

Property Description

After 84 years of family ownership, 584-586 East Broadway is for sale once again! This 3-unit, mixed-use multi-family building sits on the east side of South Boston between H and I Street. Located on the hilly side of East Broadway where neighboring properties resemble the painted ladies in a San Fran-type vibe. The building gets beautiful southwestern exposure year round. Facing Broadway you have a street-level commercial yoga studio and two 1-bedroom apartments above. On the rear side of the building (Emerson Street) you have a walk-in hair salon with it's own signage and private entrance. Fully leased, you have the potential of 4 units worth of income. The residential apartments on the 2nd and 3rd floor stretch only half the distance of the building. This allows for potential future value-add converting the residential rentals to larger condos. Plans from a 2010 architectural proposal are available! Please see firm remarks for the URL to the property website.

Property Details

Building Information

  • Total Units: 4
  • Total Rent: 7500
  • Total Floors: 6
  • Levels: 4
  • Total Rooms: 20
  • RMS: 21
  • Total Bedrooms: 2
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Basement Features: Finished, Other (See Remarks)

Financial

  • APOD Available: No
  • Gross Operating Income: 90000
  • Gross Expenses: 33103
  • Net Operating Income: 56897

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 3500
  • Under Lease: Yes
  • Rooms: 3
  • Floors: 1
  • Half Baths: 1
  • Levels: 1

Unit 2 Description

  • Rent: 2050
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 2
  • Bedrooms: 1
  • Full Baths: 1
  • Levels: 1

Unit 3 Description

  • Rent: 1950
  • Under Lease: Yes
  • Rooms: 5
  • Floors: 3
  • Bedrooms: 1
  • Full Baths: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Rooms: 8
  • Half Baths: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Year Round: Yes

Other Information

  • MLS ID# 72933290
  • Last Updated: 01/22/22
  • Terms: Contract for Deed, Lease Back, Option Available, Rent w/Option

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Map

Seller's Representative: James Riel, JR Associates

© 2022 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2022-01-22 11:23:31

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