Property Details for 0 Lubec St

Property type

Apartment buildings

Description

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.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Longitude

-71.0333

Latitude

42.3706