225 London St.
Boston, Massachusetts 02128, United States

MLS#: 73310600

$999,900 USD

Type
Multi Family
Bedrooms
3
Bathrooms
3
Home/Lot size
228m² (2,454ft²)
The details

Property features

Date Updated: Nov 8, 2024

Construction details

Year built
1935
Roofing
Rubber

Area

Property size
228m² (2,454ft²)
Land/Lot size
81m² (0.02ac)
Bedrooms
3
Bathrooms
3
Total rooms
6

Description

Exciting value-add opportunity in desirable East Boston! This mixed-use building offers both commercial and residential zoning, with a barber shop on the first floor under a 10-year lease. The current rent is $2,500/month and will increase to $3,000/month in May 2025, with an additional $100 increase each year until the lease ends in 2033. Units 2 and 3 are Tenants at Will, providing flexibility for future occupancy or rent adjustments. The 3rd flr unit has a renovated kit, and a bonus rm, while the 2nd flr offers potential for a 2nd bdrm and TLC. The roof is approx 4 yrs old, adding to the property's overall value and appeal. Located just a 15-minute walk from the MBTA's Airport Station, Bremen Street Dog Park, and the scenic East Boston Greenway, the property also provides easy access to major highways for convenient connections to downtown Boston and surrounding areas. Note: Some rooms in the top two units have been used as bedrooms but do not include closets. SOLD "AS IS"!

Location

225 London St., Boston, Massachusetts 02128, United States
map image
Courtesy of Diana Franco CENTURY 21 North East