722 E 6th St - Apartments FOR SALE


Boston, MA 02127- South Boston
$2,600,000 USD
781-776-4000
722 E 6th St, Boston, MA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/16
null | 5.76% Cap Rate

722 E 6th St
Boston, MA 02127
South Boston


HIGHLIGHTS

  • Dynamic South Boston Location
  • Transit Oriented Location
  • Stabilized Asset with Rent Growth

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 722 E 6th Street in the South Boston, “Southie”, neighborhood of Boston, Massachusetts (the “Property”). Centrally located in the heart of South Boston and 1.5 miles to Broadway Station and 2.0 miles to Boston’s South Station, the Property offers the rare opportunity to acquire an outstanding, core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a three-story brick building containing six residential units with four (4), 1-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1-Bathroom units with 3,680 square feet of living area in 4,880 gross square feet on a 0.028-acre parcel. The Property enjoys strong historical occupancy and has undergone renovations to some of the units. The updated units feature condo quality finishes including updated kitchens with quartz counter tops and newer stainless-steel appliances with dishwashers, hardwood floors, tile kitchens and bathrooms. Some of the units have not been renovated and have older cabinets and Formica countertops. The desirable brick building has separately metered utilities and an in-building coin-operated laundry facility in the basement. 722 E 6th Street offers the opportunity to acquire a fully leased investment in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The rents in the Property are below market rates and offer upside via lease renewal and programmatic updates to the remaining unrenovated units. The South Boston outlook remains bright as rental demand continues at a steady rate. The submarket continues to accelerate and rents are expected to rise over the coming years. 4

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

6

PRICE/UNIT

$433,333

CAP RATE

5.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

-

APN/PARCEL ID

SBOS-000000-000006-004041

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.