$2,150,000
$2,400,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
838-842 Saratoga Boston, MA 02128
Key Details
Sold Price $2,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73280903
Sold Date 10/10/24
HOA Y/N false
Year Built 1956
Tax Year 2024
Property Description
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.
Location
State MA
County Suffolk
Area East Boston
Zoning R
Direction Please use Google Maps
Exterior
Utilities Available Public Water
Roof Type Rubber
Total Parking Spaces 7
Others
Senior Community false
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with The Reference Group • Reference Real Estate