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$3,599,000
Total Beds: 12 Total Baths: 11
Total Units: 6 SQFT: 6009
LOT size: 0.09 Acres
240-244 W 3rd Street
Boston, MA 02127
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This Property is No Longer Available

Property Description

Attention Investors! Feast your eyes on this rare offering—a six-unit building with an extra lot for parking strategically located for maximum tenant convenience. The property, comprising two three-family houses and a third parcel for parking (3 tax bills), has been lovingly maintained by long-term owners. Although below market (all TAWs), the current rents suggest a potential monthly income of $22K ($264K/Year) with just a hint of cosmetic work in two apartments. Five of the six units are two beds and two baths, and the sixth is two beds and one bath. The location, just two blocks from the West Broadway shops and minutes to the Seaport is a tenant's paradise.

Property Details

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 12
  • Total Full Baths: 11
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 160800
  • Net Operating Income: 129600

Utilities

  • Electric Info: 100 Amps, Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Granite
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73287167
  • Last Updated: 01/13/25

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Map

Seller's Representative: Jackie Rooney Team, Rooney Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-01-13 09:47:00

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