317 Meridian St, Boston, Massachusetts 02128 (MLS# 72917421)
Listing ID72917421
Sold For$850,000
StatusClosed
Sold Date3/14/2022
Bedrooms5
Total Baths3
Full Baths3
Partial Baths1
SqFt
2,452
Acres
0.050
CountySuffolk
Year Built1899
Property TypeResidential Income
Property Sub Type3 Family
Solid Brick 3-Family with solid cash flow, grossing $67,200/yr!!! Located in a great part of East Boston on Meridian St. Many new renovations and upgrades since ownership, which include: New Electrical panels, New Siding, New Rear Deck, Some New Windows, Unit 1 (Retail) new mini-split (heat/cool), new 400amp service (pending final connect from Eversource), new sheetrock, new recessed lighting. Unit 2 has a new Mini-Split heating/cooling system and Unit 3 with HVAC system, plus full renovation including new fully applianced kitchen, tile bathroom and private rear deck. Great turn key investment property that has all the residential units leased up, don't let this one slip away!! Showings by appointment and seriously inquiries only. 7.3% Cap Rate.
Half Baths
1
County
Suffolk
Property Sub Type
3 Family
Property Type
Residential Income
Year Built
1899
Appliances
Gas Water Heater,Electric Water Heater, Utility Connections for Gas Range
Bathrooms Total Decimal
3.5
Building Area Units
Square Feet
Cooling
1
Cooling Type
Unit 1(Ductless Mini-Split System), Unit 2(Ductless Mini-Split System), Unit 3(Ductless Mini-Split System)
Cooling Units
3
Cooling Zones
3
Heat Units
3
Heating
1
Heating Type
Unit 1(Ductless Mini-Split System), Unit 2(Ductless Mini-Split System), Unit 3(Ductless Mini-Split System)
Laundry Features
Laundry Room
Living Area
2452
Heat Zones
3
Rooms Total
10
Stories Total
6
Construction Materials
Brick
Electric
Circuit Breakers, 100 Amp Service
Farm Land Area Units
Square Feet
Foundation Details
Other
Lot Size Area
0.05
Lot Size Square Feet
2160
Lot Size Units
Acres
Number Of Units Total
3
Patio And Porch Features
Deck
Road Frontage Type
Public
Roof
Shingle, Rubber
Sewer
Public Sewer
Utilities
for Gas Range
Water Source
Public
Building Area Source
Other
Community Features
Public Transportation, Shopping, Highway Access, T-Station
Country
US
Directions
google
MLS Area Major
East Boston
View
1
View Type
City View(s)
Zoning
RESA
Certificate Number
000000027730
Color
Brick
FLRS 2
2
FLRS 3
3
GRE
5140
Lead Paint
Unknown
Levels 1
1
Levels 2
1
Levels 3
1
Listing Alert
No
Mls Status
Sold
FLRS 1
1
Offline List Number
3353312
Page
312
Team Member
CT005827
Year Built Details
Approximate,Renovated Since
Year Built Source
Owner
Buyer Agency Compensation
2.0
Compensation Based On
Gross/Full Sale Price
Current Financing
Conv. Fixed
Disclosure
N
Disclosures
Lease Information: (Unit 1)- Retail, Leased Until 4/1/24. (Unit 2) - Taw, (Unit 3) - 8/31/22
Down Payment Resource
No
Electric Expense
346
Financial Data Source
Owner
Gross Income
67200
Insurance Expense
1698
Lease 1
Y
Lease 2
N
Lease 3
Y
List Price Per SqFt
346.66
Net Operating Income
62060
Operating Expense
5140
Price Per SqFt
346.66
Rent Includes
Unit 1(Water), Unit 2(Water), Unit 3(Water)
Sub Agency Offered
No
Tax Annual Amount
5729
Tax Assessed Value
999999
Tax Book Number
55923
Tax Year
2020
Total Actual Rent
5600
Transaction Broker Compensation
1.0
Water Sewer Expense
2298
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