$1,225,000
842 Saratoga St
Boston, MA, 02128
Prime investment opportunity in East Boston! This portfolio includes two three-unit buildings, sold together or separate, each with separate utilities, ensuring ease of management. The property features ample parking with space for 8 cars, a rare find in the area, and is not located in a flood zone, providing peace of mind. All tenants are tenants at will, offering unparalleled flexibility for rent adjustments and renovations. Significant upside potential exists by aligning current below-market rents with fair market rates. Located in a rezoned area under Plan East Boston, the properties allow for increased density and future construction projects, presenting a valuable opportunity for future development. These buildings are conveniently situated just a short walk from both the Wood Island and Orient Heights Blue Line stations, offering quick access to downtown Boston. With strategic improvements, investors can force equity and significantly enhance property value.
Property Details
Price:
$1,225,000
MLS #:
73275317
Status:
Pending
Beds:
8
Baths:
3
Address:
842 Saratoga St
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
East Boston
City:
Boston
Listed Date:
Aug 8, 2024
State:
MA
Finished Sq Ft:
2,604
Total Sq Ft:
2,604
ZIP:
02128
Lot Size:
3,353 sqft / 0.08 acres (approx)
Year Built:
1940
Units:
3
Schools
Elementary School:
Excel Academy
High School:
East Boston
Interior
Appliances
Range, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Tile, Laminate, Hardwood
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T- Station
Construction Materials
Stone
Parking Features
Paved Drive, Off Street, Assigned, Driveway
Parking Spots
4
Roof
Rubber
Financial
Tax Year
2024
Taxes
$9,224
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 NorthStar Consulting Group, Inc. 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.
842 Saratoga St
Boston, MA
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