225 London St., Boston MA 02128,Boston,Suffolk,Residential Income

$ 999,900
225 London St., Boston MA 02128,

Description

Exciting value-add opportunity in desirable East Boston! This mixed-use building offers both commercial and residential zoning, with a barber shop on the first floor under a 10-year lease. The current rent is $2,500/month and will increase to $3,000/month in May 2025, with an additional $100 increase each year until the lease ends in 2033. Units 2 and 3 are Tenants at Will, providing flexibility for future occupancy or rent adjustments. The 3rd flr unit has a renovated kit, and a bonus rm, while the 2nd flr offers potential for a 2nd bdrm and TLC. The roof is approx 4 yrs old, adding to the property’s overall value and appeal. Located just a 15-minute walk from the MBTA’s Airport Station, Bremen Street Dog Park, and the scenic East Boston Greenway, the property also provides easy access to major highways for convenient connections to downtown Boston and surrounding areas. Note: Some rooms in the top two units have been used as bedrooms but do not include closets. SOLD “AS IS”!

Address: 225 London St., Boston MA 02128
City:
State/County:
Zip: 02128
Country: United States

Property Id: 183095
Price: $ 999,900
Property Size: 2,454 ft2
Property Lot Size: 0 ft2
Rooms: 10
Bedrooms: 3
Bathrooms: 2.5
BathroomsTotalDecimal: 2.5
BridgeModificationTimestamp: 2024-11-07T21:56:33.557Z
BuildingAreaSource: Public Records
BuildingAreaUnits: Square Feet
Basement: Partially Finished
BathroomsFull: 2
BathroomsHalf: 1
CommunityFeatures: Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Private School,Public School,T-Station
BuildingAreaTotal: 2454
Directions: Bennington St. to London St.
ExpirationDate: 1900-01-01
FarmLandAreaUnits: Square Feet
GrossIncome: 99600
IDXParticipationYN: 1
ListAgentMlsId: BB802127
ListOfficeMlsId: AN4347
ListingAgreement: Exclusive Right To Sell
LotSizeUnits: Acres
MLSPIN_APOD_AVAILABLE: No
Exclusions: Tenants Personal Belongings.
MLSPIN_COLOR: Beige
FoundationDetails: Concrete Perimeter
MLSPIN_DISCLOSURE: N
MLSPIN_DPR_Flag: No
MLSPIN_ENTERED_BY: BB802127
MLSPIN_FLRS_1: 1
MLSPIN_FLRS_2: 2
Heating: Electric
MLSPIN_FLRS_3: 3
MLSPIN_LEAD_PAINT: Unknown
MLSPIN_LEASE_1: Y
MLSPIN_LEASE_2: N
MLSPIN_LEASE_3: N
MLSPIN_LEVELS_1: 1
MLSPIN_LEVELS_2: 1
MLSPIN_LEVELS_3: 1
MLSPIN_LISTING_ALERT: No
MLSPIN_LIST_PRICE_PER_SQFT: 407.46
MLSPIN_MAIN_LO: AN4339
ListingContractDate: 2024-11-07
ListingId: 73310600
LotFeatures: Corner Lot
LotSizeArea: 0.02
LotSizeSquareFeet: 1080
MLSPIN_OFFLINE_LIST_NO: 3826393
MLSAreaMajor: East Boston
MLSPIN_PAGE: 278
MLSPIN_PRICE_PER_SQFT: 407.46
ParcelNumber: 1332267
ParkingFeatures: On Street
MLSPIN_SQUARE_FEET_INCL_BASE: No
Roof: Rubber
MlsStatus: New
ModificationTimestamp: 2024-11-07T21:56:00.000Z
NetOperatingIncome: 99600
NumberOfUnitsTotal: 3
OriginalEntryTimestamp: 2024-11-07T16:51:00.000Z
OriginalListPrice: 999900
OriginatingSystemID: mlspin
OriginatingSystemKey: mlspin
OriginatingSystemName: MLS Property Information Network
PhotosChangeTimestamp: 2024-11-07T16:53:03.172Z
PhotosCount: 12
RoadFrontageType: Public
Sewer: Public Sewer
ShowingInstructions: Accompanied Showings,Appointment Required,Email List Agent,24 Hours' Notice, Please Text For Showings 617-590-7440
StateOrProvince: MA
StatusChangeTimestamp: 2024-11-07T16:51:00.000Z
StoriesTotal: 6
StreetName: London St.
StreetNumber: 225
StreetNumberNumeric: 225
TaxAnnualAmount: 999999
TaxAssessedValue: 319000
TaxBookNumber: 69640
TaxYear: 2024
TotalActualRent: 8800
Utilities: for Gas Range
WaterSource: Public
WaterfrontFeatures: Beach Front,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)
YearBuiltDetails: Actual
YearBuiltSource: Public Records
Zoning: RC
YearBuilt: 1935
Office Name: century 21 north east
Member Name: diana franco

Other Features
Has Heating System
Open Parking

$ 5,126.69
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,876.81

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225 London St., Boston MA 02128 © 2024 YOUR COMPANY NAME. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. THE SOURCE OF THE DISPLAYED DATA IS EITHER THE PROPERTY OWNER OR PUBLIC RECORD PROVIDED BY NON-GOVERNMENTAL THIRD PARTIES. IT IS BELIEVED TO BE RELIABLE BUT NOT GUARANTEED. THIS INFORMATION IS PROVIDED EXCLUSIVELY FOR CONSUMERS’ PERSONAL, NON-COMMERCIAL USE.

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