428-432 E 3rd St | South Boston, MA 02127
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428-432 E 3rd St
South Boston, MA 02127
The Residences at East Third · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Undermarket Rents: ~$200/Month Upside Per Unit - offering immediate NOI growth potential
- Rooftop Expansion or Private Deck Opportunity: half-floor addition or deck opportunity(subject to zoning approval)
- Turnkey 9-Unit – Fully Occupied, Renovated in 2020: Stabilized investment with updated systems and no major capital needs
- Duplex Potential – First Floor to Basement with Windowed Lower Level: offering layout flexibility to duplex the first-floor units
- Alcove Conversion Potential: for Rent or Resale Gain
- High-Demand South Boston Location – Near Seaport & Transit: Walkable to Broadway, public transit, restaurants, and major employment zones
Property Facts
| No. Units | 9 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 8,024 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 1899/2020 |
| Zoning | A - Multi family | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 8,024 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1899/2020 |
| Zoning | A - Multi family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $2,850 | 500 - 710 |
Property Taxes
| Parcel Number | SBOS-000000-000006-003055 | Improvements Assessment | $1,555,000 |
| Land Assessment | $711,400 | Total Assessment | $2,266,400 |
Property Taxes
Parcel Number
SBOS-000000-000006-003055
Land Assessment
$711,400
Improvements Assessment
$1,555,000
Total Assessment
$2,266,400
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