Boston, MA 02128,838-842 Saratoga
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Boston, MA 02128,838-842 Saratoga
Boston, MA 02128,838-842 Saratoga
Boston, MA 02128,838-842 Saratoga
Boston, MA 02128,838-842 Saratoga

$2,150,000

Est. payment /mo

$2,400,000

10.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

838-842 Saratoga Boston, MA 02128

SOLD DATE : 10/10/2024

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

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Listed by Reference Real Estate
Bought with The Reference Group • Reference Real Estate
agent

Adam Umina

Broker | License ID: 9569629

+1(617) 921-5866

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