0 Lubec StBoston, MA 02128

For Sale
$3,702,000
Luxury East Boston Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Class A, six-unit apartment building in Boston's desirable Jeffries Point neighborhood presents a compelling investment opportunity. Boasting a 6.60% cap rate and a strong NOI of $244,309, this fully renovated property offers significant potential for return. All six units are currently 100% occupied with signed leases extending through September 1, 2025, ensuring immediate cash flow. The building features a mix of one-, two-, three-, and four-bedroom units, ranging from $2,600 to $5,625 in monthly rent, totaling $22,875. Each unit includes modern amenities such as custom cabinetry, stainless steel appliances, large windows, central air conditioning, and in-unit laundry. Three parking spaces are available for additional rental income. The property's prime location offers unparalleled convenience, just one block from the Mary Ellen Welch Greenway, a short walk to the Airport T stop (with a free 24-hour airport shuttle), and a quick ride to the North End and State Street via the Blue Line. Nearby amenities include waterfront restaurants, fitness studios, grocery stores, and recreational facilities. The property is zoned 3F-2000. This is a rare opportunity to acquire a stabilized, high-performing multifamily asset in a thriving Boston neighborhood. The building's strong occupancy, long-term leases, and desirable location make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture. The separately metered utilities contribute to efficient management and cost control.

Highlights

  • Six-unit multifamily property with leases in place through September 1, 2025.
  • Unit mix includes one 1-bedroom/1-bathroom, two 2-bedroom/1-bathroom, two 3-bedroom/2-bathroom, and one 4-bedroom/3-bathroom unit, generating $22,875 in monthly rental income.
  • Property features a fully renovated interior.
  • Individual utility meters for each unit.
  • Central air conditioning throughout.
  • In-unit laundry in all units.

Property Details for 0 Lubec St

Property type
Apartment buildings
Class
A
Units
6

Location Insight

City
Boston
County
Suffolk
State
Massachusetts
Latitude
42.3705958
Longitude
-71.0332941
Lubec St, Boston, Massachusetts

FAQs

What type of property is this?
Apartment building - Luxury East Boston Multifamily Investment
Where is the apartment building located?
The property is located at Lubec St Boston, MA.
What is the asking price?
The asking price for this property is $3,702,000.
What are key features of this property?
This property features: Six-unit multifamily property with leases in place through September 1, 2025.; Unit mix includes one 1-bedroom/1-bathroom, two 2-bedroom/1-bathroom, two 3-bedroom/2-bathroom, and one 4-bedroom/3-bathroom unit, generating $22,875 in monthly rental income.; Property features a fully renovated interior.
How can I contact the broker?
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0 Lubec St
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