$1,075,000
$1,175,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
838 Saratoga St Boston, MA 02128
6 Beds
3 Baths
2,604 SqFt
Key Details
Sold Price $1,075,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,604 sqft
Price per Sqft $412
MLS Listing ID 73275318
Sold Date 10/09/24
Bedrooms 6
Full Baths 3
Year Built 1940
Annual Tax Amount $9,224
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type 3 Family
Property Description
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.
Location
State MA
County Suffolk
Area East Boston
Zoning R3
Direction Please use Google Maps
Rooms
Basement Full, Finished, Interior Entry
Interior
Interior Features Bathroom With Tub, Living Room, Kitchen
Heating Baseboard
Cooling Window Unit(s)
Flooring Tile, Laminate, Hardwood
Appliance Range, Refrigerator, Washer, Dryer
Exterior
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Utilities Available for Gas Range
Waterfront Description Beach Front,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)
View Y/N Yes
View City View(s)
Roof Type Rubber
Total Parking Spaces 3
Garage No
Building
Story 6
Foundation Block
Sewer Public Sewer
Water Public
Schools
Elementary Schools Excel Academy
High Schools East Boston
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Kambiz Azami • Greater Boston Rental & Sales