198 Maverick St Boston, MA 02128

Property Details for 198 Maverick St

Property size

3,950 SF

Property type

Commercial real estate

Description

This exceptional Class A, stabilized multifamily investment property at 203 Maverick Street in Boston, MA, presents a compelling opportunity. The property boasts four completely renovated units, each featuring three bedrooms and two bathrooms, totaling 3,950 square feet. All units are currently occupied with signed leases extending through September 1, 2025, ensuring immediate cash flow. The building enjoys a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $175,737, and a 7.03% capitalization rate based on the $2,500,000 asking price. Each unit is approximately 1,000 square feet (except one at 950 sq ft), offering spacious living areas with hardwood floors, unique lighting, and bright windows, creating a condo-like atmosphere. Modern amenities include central air conditioning and in-unit laundry facilities. The property is conveniently located just three blocks from the Maverick T stop, providing excellent access to public transportation. Individual unit rents range from $3,800 to $4,100 per month, totaling $16,000 in monthly rental income. Utilities are separately metered. The property is zoned 3F-2000. This is a turnkey investment with strong tenant occupancy and a proven track record of profitability. This is a rare opportunity to acquire a high-quality multifamily asset in a desirable Boston location.