174, 178, 180 Maverick/102 Orleans, E Boston 174, 178, 180 Maverick Street & 102 Orleans Street
11 Unit Apartment Building $5,990,000 ($544,545/Unit) 3.31% Cap Rate Boston, MA 02128
INVESTMENT HIGHLIGHTS
- Corner lot property.
EXECUTIVE SUMMARY
12 units. Mixed residential/commercial. 100% occupancy. Sale includes four separately taxed parcels - 174 Maverick Street (3 units - residential), 178 Maverick Street (3 units - residential), 180 Maverick Street (3 units - mixed residential/commercial) and 102 Orleans Street (3 units - residential).
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2021) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $5,990,000 |
| Price Per Unit | $544,545 |
| Sale Type | Investment |
| Cap Rate | 3.31% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 21.8 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 7,498 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2001 |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Deck
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Storage Space
- Public Transportation
1 of 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | EBOS-000000-000001-003913 | Total Assessment | $362,000 (2024) |
| Land Assessment | $78,600 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $283,400 (2024) | Tax Year | 2021 Payable 2021 |
ZONING
| Zoning Code | Residential/Commercial (174, 178 Maverick & 102 Orleans (0105 - residential - 3 family); 180 Maverick (0013 - residential/commercial)) |
CONTACT
-
David Cody - Orchard Park Realty
