This is a prime investment opportunity boasting a strong rental history and significant potential for increased value and equity. This well-maintained two-family residential building features contemporary interior upgrades, along with updated mechanical systems, plumbing, and roof, ensuring minimal maintenance for years to come. With parking for 3-4 vehicles, a lovely yard, and a highly desirable location near restaurants, markets, beaches, parks, and the Blue Line, this property is perfectly positioned for long-term tenant appeal. Currently generating $7,400 in monthly rental income, this investment continues to grow year-over-year. The top-floor unit is secured with a 3-year lease, featuring pre-negotiated rent increases to $4,738/month in the second year and $4,880/month in the third year. Don't miss out on this excellent opportunity!
Sold for $1,050,000 on 11/18/24
$1,050,000
678 Bennington St, East Boston, MA 02128
7beds
2,281sqft
Multi Family
Built in 1900
-- sqft lot
$1,089,800 Zestimate®
$460/sqft
$4,416 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: January 07, 2025 at 12:26pm
Listed by:
Arthur Deych,
Red Tree Real Estate,
John McDonough
Bought with:
The Lucci Witte Team
William Raveis R.E. & Home Services
Source: MLS PIN,MLS#: 73294238
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Hardwood
- Windows: Insulated Windows
- Basement: Walk-Out Access,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,281
- Total interior livable area: 2,281 sqft
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive, Off Street, Stone/Gravel
- Has uncovered spaces: Yes
Features
- Fencing: Fenced
- Waterfront features: Beach Front, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 2,947 sqft
- Features: Gentle Sloping
Details
- Parcel number: W:01 P:01043 S:000,1331216
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
Location
- Region: East Boston
HOA & financial
Other financial information
- Total actual rent: 7200
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Estimated market value
$1,089,800