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    Apartment buildings

    0 Lubec St, Boston, MA 02128

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    AI-generated overview

    This exceptional Class A, six-unit apartment building in Boston's desirable Jeffries Point neighborhood presents a compelling investment opportunity. Boasting a 6.60% cap rate and a strong NOI of $244,309, this fully renovated property offers significant potential for return. All six units are currently 100% occupied with signed leases extending through September 1, 2025, ensuring immediate cash flow. The building features a mix of one-, two-, three-, and four-bedroom units, ranging from $2,600 to $5,625 in monthly rent, totaling $22,875. Each unit includes modern amenities such as custom cabinetry, stainless steel appliances, large windows, central air conditioning, and in-unit laundry. Three parking spaces are available for additional rental income. The property's prime location offers unparalleled convenience, just one block from the Mary Ellen Welch Greenway, a short walk to the Airport T stop (with a free 24-hour airport shuttle), and a quick ride to the North End and State Street via the Blue Line. Nearby amenities include waterfront restaurants, fitness studios, grocery stores, and recreational facilities. The property is zoned 3F-2000. This is a rare opportunity to acquire a stabilized, high-performing multifamily asset in a thriving Boston neighborhood. The building's strong occupancy, long-term leases, and desirable location make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture. The separately metered utilities contribute to efficient management and cost control.

    Property profile
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    Property type Apartment buildings
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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