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L Street 178 L St

3 Unit Apartment Building $2,825,000 ($941,667/Unit) 5.90% Cap Rate Boston, MA 02127

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Executive Summary

This turnkey 3 family asset is perfect for a 1031 exchange buyer or savvy investor looking for a high grossing income with low maintenance costs. This asset has 13 Bedrooms and 6 bathrooms in total. Located on the East side of South Boston just steps away from restaurants, shops, public transportation and the beach. Renovations units include stainless steel appliances in modern kitchens, brand new bathrooms , hardwood floors throughout, Central AC & Heat, rubber roof. Unit 2 has a bonus room with a large 2 level deck off of the rear which could be used as a bedroom. Extremely large yard also adding to the potential value add ability for an investor. This property will be a great investment for any owner looking to enter into the South Boston market.

178 L Street OM

Property Facts

Price	$2,825,000	Building Class	C
Price Per Unit	$941,667	Lot Size	0.15 AC
Sale Type	Investment	Building Size	8,870 SF
Cap Rate	5.90%	Average Occupancy	100%
No. Units	3	No. Stories	3
Property Type	Multifamily	Year Built	1900
Property Subtype	Apartment Multifamily Apartments	Parking Ratio	0.52/1,000 SF
Apartment Style	Low Rise

Price	$2,825,000
Price Per Unit	$941,667
Sale Type	Investment
Cap Rate	5.90%
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Low Rise
Building Class	C
Lot Size	0.15 AC
Building Size	8,870 SF
Average Occupancy	100%
No. Stories	3
Year Built	1900
Parking Ratio	0.52/1,000 SF