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550 E 3Rd St Boston, MA 02127

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For Sale
$1,850,000

Three-story building with three units in urban Boston location.

Lot size:
0.02 Acres

Property Features for 550 E 3Rd St

General Information

Lot size
0.02 Acres

Building Details

Year built
2000

Source: Horvath & Tremblay Agent Dennis Kelleher

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Three-Unit Building in South Boston

The property at 550 E 3rd Street is a three-story building that contains three units, each featuring 2 bedrooms and 1 bathroom. Each unit has separate utilities, with tenants responsible for their own electricity, gas-fired forced air heat, hot water, central air conditioning, and gas stove. The building is fully sprinklered. One of the units has been renovated with hardwood floors, white shaker cabinets, and quartz countertops. Another unit features hardwood floors. Cosmetic updates to the flooring of one unit, as well as kitchen cabinets and bathrooms in two units, would be beneficial. The property is currently leased at below-market rates, offering the opportunity to increase rents to market rates through updates to the unrenovated units. This property presents an opportunity to acquire a fully leased investment in an urban location.
Location Intelligence

Current Use by Public Records

Triplexes

Map

City
Boston
County
Suffolk
State
Massachusetts
Longitude
-71.03786
Latitude
42.33657

FAQs

What type of property is this?
Triplex - Three-story building with three units in urban Boston location.
Where is this triplex located?
The property is located at 550 E 3Rd St Boston, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: - Fully leased investment property in an exceptional, urban-infill location.; - Opportunity to significantly increase rents to market rates through updates to unrenovated units.; - Separate utilities for each unit, with tenants responsible for all utility costs.
More about this property
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