493-495 E 7th St Boston MA 02127 MLS #73094948

493-495 E 7th St
Boston, MA, 02127
$3,000,000
9 Beds
8 Baths
5,668 SqFt
0.08 Acres
$3,000,000
493-495 E 7th St
Boston, MA, 02127
Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an ideal South Boston location – only two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone – restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit – this is an investor’s dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!

Property Details

Price:
$3,000,000
MLS #:
73094948
Status:
Active
Beds:
9
Baths:
8
Address:
493-495 E 7th St
Type:
Multi Family
Subtype:
5-9 Family
City:
Boston
Listed Date:
Apr 4, 2023
State:
MA
Finished Sq Ft:
5,668
ZIP:
02127
Lot Size:
3,484 sqft / 0.08 acres (approx)
Year Built:
1905

Schools

Interior

Bathrooms
8 Full Bathrooms
Flooring
Tile, Hardwood, Parquet

Exterior

Construction Materials
Frame
Exterior Features
Deck – Wood, Patio, Gutters, Screens
Parking Features
On Street
Roof
Rubber

Financial

Buyer Agent Compensation
2.5%
Net Operating Income
$160,000
Tax Year
2023
Taxes
$20,872
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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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Courtesy of Boston Investment Realty. 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.
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493-495 E 7th St
Boston, MA