428-432 East Third Street Boston, MA
$4,000,000
Beds 9
Baths 13.5
Square Feet 8,024
Acres 0.06
Description
Presenting 428-432 E Third St, a tremendous investment opportunity located in the heart of South Boston comprised of a 3 story, 9-unit apartment building. Although meticulously maintained by ownership, the property presents significant value-add opportunity to increase rents through cosmetic improvements. The property is currently 100% leased at below market rents. Additionally, the property presents a potential condominium conversion opportunity. 428-432 E Third is part of a larger portfolio with 444 E Third St, the longtime home of USPS. The two sites total 21,543 SF of development potential.
Listed by Cushman & Wakefield, Christopher Sower
Details
MLS 73389286
Status Active
Price $4,000,000
DOM 186 days
Type Multi-Family
Beds 9
Baths 9 full, 9 half baths
Square Feet 8,024 sqft
Lot Size 0.06 acres
Year Built 1899
Lot & Building Features
Construction Stone, Brick
Sewer Public Sewer
Tax Year 9
Taxes Paid $9
Water Public
Foundation Brick/Mortar, Concrete Perimeter
Roof Rubber
Full Baths 9
Half Baths 9
Total Rooms 18
Garage Spaces 0
Fireplaces 18
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.