823 E 6th St
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823 E 6th St
5 Unit Apartment Building $5,400,000 ($1,080,000/Unit) 6% Cap Rate South Boston, MA 02127
Investment Highlights
- Iconic South Boston Location
- All residential units extensively renovated in 2018
- On-site garage parking
- One block from ocean and beaches
- Commercial unit is long term leased to busy, elevated “gastropub”
- Exceptional appreciation potential
Executive Summary
The KeyPoint Investment Sales team has been exclusively engaged to sell the fee simple interest in 823 East Sixth Avenue and 149 P Street, which is located one block from the ocean and beach in iconic South Boston, MA. The three-story building was extensively renovated in 2018 and includes four residential condominiums, one commercial condo, and four garage spaces, all of which are owned by the Seller. The residential units all include a gourmet kitchen, gas fireplace, in-unit washer dryer, and amazing water and/or city views. The commercial unit is leased to Local 149, a busy, upscale “gastropub” with an elevated menu.
Property Facts
| Price | $5,400,000 | Building Class | C |
| Price Per Unit | $1,080,000 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| Cap Rate | 6% | No. Stories | 3 |
| No. Units | 5 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 0.36/1,000 SF |
| Property Subtype | Apartment |
| Price | $5,400,000 |
| Price Per Unit | $1,080,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 11,000 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.36/1,000 SF |
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Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $824,600 | |
| Land Assessment | $0 | Total Assessment | $824,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$824,600
Total Assessment
$824,600
zoning
| Zoning Code | CM |
| CM |
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823 E 6th St
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