272-274B Meridian Boston MA 02128 MLS #73289670

272-274B Meridian
Boston, MA, 02128
$2,399,500
11 Beds
5 Baths
2,912 SqFt
0.06 Acres
$2,399,500
272-274B Meridian
Boston, MA, 02128
Calling all investors and savvy developers! Potential 7.5%+ cap rate. Great opportunity to own a cash cow, mixed-use commercial and residential building in East Boston. This property features a commercial space on the ground level pulling in $8000/month with a long-term lease, along with 3+ residential units above. Location is very prime and next to the Central-Maverick Square neighborhood of Eagle Hill. Enjoy the convenience of Meridian street restaurants/shops, Liberty Plaza (CVS, Shaw’s, Kappy’s Liquors) and Maverick T is 0.5 mile with direct access to Downtown Boston and the Harborwalk. Great for a profitable buy/hold or go through variance process in this MU-7 zoning area!

Property Details

Price:
$2,399,500
MLS #:
73289670
Status:
Active
Beds:
11
Baths:
5
Address:
272-274B Meridian
Type:
Multi Family
Subtype:
4 Family
Neighborhood:
East Boston’s Eagle Hill
City:
Boston
Listed Date:
Sep 12, 2024
State:
MA
Finished Sq Ft:
2,912
Total Sq Ft:
2,912
ZIP:
02128
Lot Size:
2,534 sqft / 0.06 acres (approx)
Year Built:
1899
Units:
5

Schools

Interior

Bathrooms
5 Full Bathrooms
Flooring
Tile, Vinyl, Varies, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Highway Access, Public School, T- Station
Construction Materials
Frame, Brick, Stone
Exterior Features
Varies per Unit
Parking Features
On Street
Roof
Rubber

Financial

Net Operating Income
$183,000
Tax Year
2024
Taxes
$16,953
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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272-274B Meridian
Boston, MA