Calling all investors and savvy developers! Potential 7.5%+ cap rate. Great opportunity to own a cash cow, mixed-use commercial and residential building in East Boston. This property features a commercial space on the ground level pulling in $8000/month with a long-term lease, along with 3+ residential units above. Location is very prime and next to the Central-Maverick Square neighborhood of Eagle Hill. Enjoy the convenience of Meridian street restaurants/shops, Liberty Plaza (CVS, Shaw’s, Kappy’s Liquors) and Maverick T is 0.5 mile with direct access to Downtown Boston and the Harborwalk. Great for a profitable buy/hold or go through variance process in this MU-7 zoning area!
Property Details
Price:
$2,399,500
MLS #:
73289670
Status:
Active
Beds:
11
Baths:
5
Address:
272-274B Meridian
Type:
Multi Family
Subtype:
4 Family
Neighborhood:
East Boston’s Eagle Hill
City:
Boston
Listed Date:
Sep 12, 2024
State:
MA
Finished Sq Ft:
2,912
Total Sq Ft:
2,912
ZIP:
02128
Lot Size:
2,534 sqft / 0.06 acres (approx)
Year Built:
1899
Units:
5
Schools
Interior
Bathrooms
5 Full Bathrooms
Flooring
Tile, Vinyl, Varies, Hardwood
Exterior
Community Features
Public Transportation, Shopping, Highway Access, Public School, T- Station
Construction Materials
Frame, Brick, Stone
Exterior Features
Varies per Unit
Parking Features
On Street
Roof
Rubber
Financial
Tax Year
2024
Taxes
$16,953
Map
Community
- Address272-274B Meridian Boston MA
- CityBoston
- CountySuffolk
- Zip Code02128
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Courtesy of Carlton’s Wharf & Co.. 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.
272-274B Meridian
Boston, MA
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