428-432 E 3rd St | South Boston, MA 02127
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428-432 E 3rd St
South Boston, MA 02127
The Residences at East Third · Build-to-Rent Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Undermarket Rents: ~$200/Month Upside Per Unit - offering immediate NOI growth potential
- Rooftop Expansion or Private Deck Opportunity: half-floor addition or deck opportunity(subject to zoning approval)
- Turnkey 9-Unit – Fully Occupied, Renovated in 2020: Stabilized investment with updated systems and no major capital needs
- Duplex Potential – First Floor to Basement with Windowed Lower Level: offering layout flexibility to duplex the first-floor units
- Alcove Conversion Potential: for Rent or Resale Gain
- High-Demand South Boston Location – Near Seaport & Transit: Walkable to Broadway, public transit, restaurants, and major employment zones
PROPERTY FACTS
| No. Units | 9 | Total Plot Size | 0.06 ac |
| Property Type | Build-to-Rent | Property Size | 6,018 sq ft |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Floors | 3 |
| Costar Property Class | B | Year Built/Renovated | 1899/2020 |
| Use Class | A - Multi family | ||
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.06 ac |
| Property Size | 6,018 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built/Renovated | 1899/2020 |
| Use Class | A - Multi family |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Smoke Free
- Rubbish Collection - Kerbside
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 9 | £2,850 | 500 - 710 |
PROPERTY TAXES
| Parcel Number | SBOS-000000-000006-003055 | Improvements Assessment | £1,158,180 |
| Land Assessment | £529,858 | Total Assessment | £1,688,037 |
PROPERTY TAXES
Parcel Number
SBOS-000000-000006-003055
Land Assessment
£529,858
Improvements Assessment
£1,158,180
Total Assessment
£1,688,037
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