225 London St. Save Request In-Person Tour Request Virtual Tour
Boston,MA 02128
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,454 sqft
Price per Sqft $407
MLS Listing ID 73310600
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1935
Annual Tax Amount $999,999
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Property 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. Unit 2 leased thru 4/30/25, Unit 3 is TAW, 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"!
Location
State MA
County Suffolk
Area East Boston
Zoning RC
Direction Bennington St. to London St.
Rooms
Basement Partially Finished
Interior
Heating Electric
Exterior
Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Private School,Public School,T-Station
Utilities Available for Gas Range
Waterfront false
Waterfront Description Beach Front,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)
Roof Type Rubber
Parking Type On Street
Garage No
Building
Lot Description Corner Lot
Story 6
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false