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Currently existing as 7 buildings totaling 15 units configured as two single family, two 2 family and three 3 family dwellings. A recent appraisal values the properties in their current state at $10,100,000. Approved plans in hand for 34 units with some garage parking. Appraised end value of $30,400,000. Plans in hand need to be updated for permits. Near major highways, public services, shopping and schools.
Currently existing as 7 buildings totaling 15 units configured as two single family, two 2 family and three 3 family dwellings. A recent appraisal values the properties in their current state at $10,100,000. Approved plans in hand for 34 units with some garage parking. Appraised end value of $30,400,000. Plans in hand need to be updated for permits. Near major highways, public services, shopping and schools.
This property is being sold as a package with two other properties ( 921-923) East Broadway and 305 K Street) Pre-approval documentation or proof of funds must be provided 24 hours before the viewing. The use of funds from1031 exchange property sales is allowable with contracts from the sale being provided to the listing broker. Some of the properties are in a renovation stages. We have appraisals in hand: 921-923 East Broadway $ 2,800,000/ 305 K Street $ 3,500,000/ 695 East Sixth Street $ 2,575,000. Do not walk around the properties without the listing broker. Listing agent will provide full details and layouts to pre-approved buyers. Package contains 13 units of housing.
Listed by Charles P. Burke of Burke Realty Partners
258-270 K street is an exceptionally rare corner lot development opportunity with multiple curb cuts in the heart of South Boston. 258-266 K street is formally the site of the beloved Joseph's Bakery and consists of 3700 usable sf + basement on a 5368 sf lot. 268-270 K street, the adjacent building is a 3228 sf well maintained 2-family on a 6603 sf lot. Additionally, this parcel has 10 gated parking spaces, an extreme rarity in Southie! The sale of the 2 parcels would give the buyer a combined 11,971 sf lot. Located in the South Boston Neighborhood MFR zoning district, there is a wide array of allowed & conditional uses for redevelopment. With approval, highest & best use is expected to be a fully residential conversion or a mixed use retail/residential conversion. The multifamily residential subdistrict dimensional regulations including FAR, frontage, building height, etc. can be found in article 68 table D on the Boston planning and development agency website.
Listed by Aldo Masciave and Ramsay Fretz of Leading Edge Real Estate
258-270 K street is an exceptionally rare corner lot development opportunity with multiple curb cuts in the heart of South Boston. 258-266 K street is formally the site of the beloved Joseph's Bakery and consists of 3700 usable sf + basement on a 5368 sf lot. 268-270 K street the adjacent building is a 3228 sf well maintained 2-family on a 6603 sf lot. Additionally, this parcel has 10 gated parking spaces, an extreme rarity in Southie! The sale of the 2 parcels would give the buyer a combined 11,971 sf lot. Located in the South Boston Neighborhood MFR zoning district, there is a wide array of allowed & conditional uses for redevelopment. With approval, highest & best use is expected to be a fully residential conversion or a mixed use retail/residential conversion. The multifamily residential subdistrict dimensional regulations including FAR, frontage, building height, etc. can be found in article 68 table D on the Boston planning and development agency website.
Listed by Aldo Masciave and Ramsay Fretz of Leading Edge Real Estate
Introducing 330 C Street, the chance to make your mark on Boston’s thriving hospitality market. This property has full approval to build a brand new six-story 72-room Boutique Hotel featuring a ground-floor restaurant. 330 C Street is located right across the street from the Boston Convention and Exhibition Center (BCEC), featuring over 500,000 SF of exhibit space which welcomes over 316,000 attendees per year. In addition to the lobby bar, this hotel also features a rooftop terrace, giving guests panoramic views of the neighborhood and the skyline. The site is located at the intersection of the burgeoning Seaport, Fort Point and South Boston neighborhoods, conveniently located for convention attendees, business travelers, tourists and staycationers alike. The lot is currently occupied by a vacant single-story concrete building, formerly a repair garage, and is ready for you to bring your design and start construction on a new landmark in Boston hospitality.
Listed by Dave DiGregorio and Massis Khoumjian of Coldwell Banker Realty - Waltham
733-739 East Broadway, a rare opportunity to acquire a prime development site in one of South Boston's most sought-after locations. An exceptional gem nestled in the heart of South Boston. Four parcels on a 6,250 lot. Two buildings with ten rental units and two commercial spaces. 733-739 East Broadway is in close proximity to several transformational projects including 776 Summer Street. Investors are offered immediate value with a positive cash flow in place. This property benefits from excellent access to public transportation, amenities, and other attractions.
Listed by Marcella Sliney of Coldwell Banker Realty - Boston
733-739 East Broadway, a rare opportunity to acquire a prime development site in one of South Boston's most sought-after locations. An exceptional gem nestled in the heart of South Boston. Four parcels on a 6,250 lot. Two buildings with ten rental units and two commercial spaces. 733-739 East Broadway is in close proximity to several transformational projects including 776 Summer Street. Investors are offered immediate value with a positive cash flow in place. This property benefits from excellent access to public transportation, amenities, and other attractions.
Listed by Marcella Sliney of Coldwell Banker Realty - Boston
733-739 East Broadway, a rare opportunity to acquire a prime development site in one of South Boston's most sought-after locations. An exceptional gem nestled in the heart of South Boston. Four parcels on a 6,250 lot. Two buildings with ten rental units and two commercial spaces. 733-739 East Broadway is in close proximity to several transformational projects including 776 Summer Street. Investors are offered immediate value with a positive cash flow in place. This property benefits from excellent access to public transportation, amenities, and other attractions. Floor plans to follow.
Listed by Marcella Sliney of Coldwell Banker Realty - Boston
Attention Investors! Feast your eyes on this rare offering—a six-unit building with an extra lot for parking strategically located for maximum tenant convenience. The property, comprising two three-family houses and a third parcel for parking (3 tax bills), has been lovingly maintained by long-term owners. Although below market (all TAWs), the current rents suggest a potential monthly income of $22K ($264K/Year) with just a hint of cosmetic work in two apartments. Five of the six units are two beds and two baths, and the sixth is two beds and one bath. The location, just two blocks from the West Broadway shops and minutes to the Seaport is a tenant's paradise.
Listed by Jackie Rooney Team, Jack Rooney and Jackie Rooney of Rooney Real Estate,LLC
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!
Listed by Aranson Maguire Group and Matthew Aranson of Compass
This turnkey 3 family asset is perfect for a 1031 exchange buyer or savvy investor looking for a high grossing income with low maintenance costs. This asset has 13 Bedrooms and 6 bathrooms in total. Located on the East side of South Boston just steps away from restaurants, shops, public transportation and the beach. Renovations units include stainless steel appliances in modern kitchens, brand new bathrooms , hardwood floors throughout, Central AC & Heat, rubber roof. Unit 2 has a bonus room with a large 2 level deck off of the rear which could be used as a bedroom. Extremely large yard also adding to the potential value add ability for an investor. This property will be a great investment for any owner looking to enter into the South Boston market.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled byMLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
