Prime investment opportunity in East Boston! This portfolio includes two three-unit buildings, sold together or separate, each with separate utilities, ensuring ease of management. The property features ample parking with space for 8 cars, a rare find in the area, and is not located in a flood zone, providing peace of mind. All tenants are tenants at will, offering unparalleled flexibility for rent adjustments and renovations. Significant upside potential exists by aligning current below-market rents with fair market rates. Located in a rezoned area under Plan East Boston, the properties allow for increased density and future construction projects, presenting a valuable opportunity for future development. These buildings are conveniently situated just a short walk from both the Wood Island and Orient Heights Blue Line stations, offering quick access to downtown Boston. With strategic improvements, investors can force equity and significantly enhance property value.
Sold for $1,075,000 on 10/09/24
$1,075,000
842 Saratoga St, East Boston, MA 02128
8beds
2,604sqft
3 Family
Built in 1940
-- sqft lot
$1,082,900 Zestimate®
$413/sqft
$3,444 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: October 10, 2024 at 10:41am
Listed by:
The Reference Group,
Reference Real Estate,
Seth Williams
Bought with:
Kambiz Azami
Greater Boston Rental & Sales
Source: MLS PIN,MLS#: 73275317
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Window Unit(s)
Features
- Bathroom With Tub, Living Room, Kitchen
- Flooring: Tile, Laminate, Hardwood
- Windows: Box/Bay/Bow Window(s), Insulated Windows
- Basement: Full,Finished,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,604
- Total interior livable area: 2,604 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street, Assigned, Driveway
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City View(s)
- Waterfront features: Beach Front, Bay, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 3,353 sqft
Details
- Parcel number: W:01 P:00548 S:001,1331088
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Stone
- Foundation: Slab
- Roof: Rubber
Condition
- Year built: 1940
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
Location
- Region: East Boston
HOA & financial
Other financial information
- Total actual rent: 5730
Services availability
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Estimated market value
$1,082,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,082,900