29 G St
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29 G St
2 Unit Block of Flats £1,461,518 (£730,759/Unit) 5.57% Net Initial Yield Boston, MA 02127
Executive Summary
Core Property Group is pleased to offer the exclusive sale of the residential investment property situated at 29 G Street (the “Property”), prominently positioned in the vibrant South Boston neighborhood. Ideally located a block from the intersection of East and West Broadway, this Property presents a unique opportunity to acquire a fully leased core asset in an exceptional urban-infill location within one of the nation's most robust real estate markets.
The Property consists of a well maintained, three story, vinyl building containing two (2) Residential Units comprised of two (2), 3-bedroom/1-bathroom units. The Property also includes two (2) parking spaces for additional income.
The Property is fully leased and benefits from recent renovations, in unit laundry, and below market rents. With current rents below market, there is opportunity to increase cash flow by achieving market rents through strategic lease renewals. The Property is separately metered for electricity, which the tenants pay directly. The landlord is responsible for common area electric, central heat and hot water, and domestic water and sewer.
The Property consists of a well maintained, three story, vinyl building containing two (2) Residential Units comprised of two (2), 3-bedroom/1-bathroom units. The Property also includes two (2) parking spaces for additional income.
The Property is fully leased and benefits from recent renovations, in unit laundry, and below market rents. With current rents below market, there is opportunity to increase cash flow by achieving market rents through strategic lease renewals. The Property is separately metered for electricity, which the tenants pay directly. The landlord is responsible for common area electric, central heat and hot water, and domestic water and sewer.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,461,518 | Building Class | C |
| Price Per Unit | £730,759 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 2,600 SF |
| Net Initial Yield | 5.57% | Average Occupancy | 100% |
| No. Units | 2 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1890/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.77/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,461,518 |
| Price Per Unit | £730,759 |
| Sale Type | Investment |
| Net Initial Yield | 5.57% |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 2,600 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built/Renovated | 1890/2015 |
| Parking Ratio | 0.77/1,000 SF |
Unit Amenities
- Cable Ready
- Dishwasher
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 2 | £3,634 | 950 |
1 of 1
Walk Score ®
Walker's Paradise (94)
zoning
| Zoning Code | RES (Residential) |
| RES (Residential) |
-
Giancarlo Tiberi -
Core Property Group
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29 G St
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