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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.

MLS Listing ID: 73187666
Listing Price: $2,500,000
Listing Status: Active [?]
Neighborhood: South Boston
Property Type: Multi Family
Bedrooms: 8
Full Baths: 6
Living Space: 3680 sf.
Lot Size: 0.02 acres (1219 sf.)
Parking: -
Taxes: $25,615.00

Listing Current as of February 21, 2024 1:00pm

This listing brought to you by Dennis Kelleher of Horvath & Tremblay.

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