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$4,500,000
Multi-family - 5 Units
8,635 sqft
362-364 W 4Th St #
Boston, 02127 - South Boston
362-364 W 4th Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location. The property, which can be acquired at a 5.5% cap rate, consists of an extensively renovated three-story building containing five units with two (2) 5 Bedroom/2-Bathroom units, two (2) duplex 3-Bedroom Units (one with 3 bathrooms and one with 2.5 bathrooms) and one (1) 1-Bedroom/1-Bathroom unit with 8,635 square feet of living area in 9,798 gross square feet on a 0.06-acre parcel. With $300,000 in Gross Income, The Property is fully leased (with all units rented until 8/31/23) and features condo quality finishes including new kitchens with modern amenities (stainless steel appliances, dishwashers, granite or quartz countertops), in-unit laundry, new, Navien heating systems(all units), central air conditioning systems in units 1 and 5 (Duplex Units) as well as Navien, tankless hot water systems. 4 garage parking spaces included in adjacent building.
| MLS ID: | 73035696 |
|---|---|
| Parking: | 4, Tandem |
| Annual Tax: | $24,541 |
| Assessments: | $2,255,600 |
| Year Built: | 1899 |
| Amenities: | Other (See Remarks) |
| Days on market: | 594 |
| Basement: | Full,Partially Finished |
| Beach: | Bay,Ocean |
| Beach - Miles To: | 1 to 2 Mile |
| Beach Ownership: | Public |
Unit information
| Unit 1 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unit Floor: | 1 | Living Levels: | 2 | Rooms: | 5 | Bedrooms: | 3 | Bathrooms: | 3 full / 0 half | Rent: | 4600 | Lease: | Y |
| Unit 2 | |||||||||||||
| Unit Floor: | 2 | Living Levels: | 1 | Rooms: | 7 | Bedrooms: | 5 | Bathrooms: | 2 full / 0 half | Rent: | 6250 | Lease: | Y |
| Unit 3 | |||||||||||||
| Unit Floor: | 3 | Living Levels: | 1 | Rooms: | 7 | Bedrooms: | 5 | Bathrooms: | 2 full / 0 half | Rent: | 6100 | Lease: | Y |
| Unit 4 | |||||||||||||
| Unit Floor: | 4 | Living Levels: | 1 | Rooms: | 4 | Bedrooms: | 1 | Bathrooms: | 1 full / 0 half | Rent: | 2550 | Lease: | Y |
Property History
| id | type | status | price | listed | updated |
|---|---|---|---|---|---|
| 73035696 | Multi-family | Active | $4,500,000 | 13-Sep-22 | 07-Nov-22 |
| 72979070 | Multi-family | Expired | $4,650,000 | 10-May-22 | 03-Sep-22 |
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