225 London St., Boston, MA 02128 - MLS#73310600 - Adam Gustafson

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Adam Gustafson

adam@todayrealestate.com +1(781) 696-3049

$999,900

Est. payment - /mo

3 Beds

2.5 Baths

2,454 SqFt

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UPDATED:

11/14/2024 02:58 PM

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

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Listed by Century 21 North East

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Adam Gustafson

+1(781) 696-3049

Broker Manager | License ID: 9565668

Broker Manager License ID: 9565668

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