870 E 5th St, South Boston, MA 02127

The Property, with over $220,000 in gross rents, is located at 870 E. 5th Street in South Boston. 870 E 5th offers the rare opportunity to acquire an outstanding, turn key core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a gut renovated, three story building containing units with (1) 5-bedroom/3 bathroom unit and (2) 5-bedroom/2 bathroom units with 8,653 square feet of living area. The property is fully leased (with all units rented until 8/31/23) and has undergone a total renovation, every system and building element is brand new featuring condo quality finishes, including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in every unit, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include private storage, coin op laundry, rear decks and a shared backyard.