Exciting value-add opportunity in desirable East Boston! This mixed-use building offers both commercial and residential zoning, with a barber shop on the first floor under a 10-year lease. The current rent is $2,500/month and will increase to $3,000/month in May 2025, with an additional $100 increase each year until the lease ends in 2033. Unit 2 leased thru 4/30/25, Unit 3 is TAW, providing flexibility for future occupancy or rent adjustments. The 3rd flr unit has a renovated kit, and a bonus rm, while the 2nd flr offers potential for a 2nd bdrm and TLC. The roof is approx 4 yrs old, adding to the property’s overall value and appeal. Located just a 15-minute walk from the MBTA’s Airport Station, Bremen Street Dog Park, and the scenic East Boston Greenway, the property also provides easy access to major highways for convenient connections to downtown Boston and surrounding areas. Note: Some rooms in the top two units have been used as bedrooms but do not include closets. SOLD "AS IS"!
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Last Updated: November 22nd, 2024 at 5:28am
Walk/jog Trails
Public School
Shopping
Park
Medical Facility
Laundromat
Public Transportation
T-station
Private School
General Information for 225 London St., Boston, Massachusetts 02128
Property TypeResidential Income
Property Sub TypeMulti Family
Price$999,900
Price per sqft$407.46
MLS #73310600
Handicap Access / FeaturesNo
List Date2024-11-07
Special Listing Conditions
StateMassachusetts
Street NameLondon St.
CityBoston
Zip Code02128
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones
Sold Date03/12/2024
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2454
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress225 London St., Boston MA 02128
Zoning
Interior Features for 225 London St., Boston, Massachusetts 02128
* Approx. Living Area Total2,454 sq ft
Living Area Includes BasementNo
Bedrooms3
* # Fireplaces0
Bathrooms (Total)2.5
Full Baths2
* # Half Baths1
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)East Boston
MLSPIN_BEDRMS_11
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_31
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_10
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_11
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate20/11/2024
Exterior Features for 225 London St., Boston, Massachusetts 02128
* Approximate Lot Size0.02 acres
Covered Parking Spaces0
Lot FeaturesCorner Lot
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1935
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)1,080 Sqft
Disclosures for 225 London St., Boston, Massachusetts 02128
Buyer Agent Compensation
ContingencyPending P&S
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 225 London St., Boston, Massachusetts 02128
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$99,600
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12500
MLSPIN_RENT22700
MLSPIN_RENT33100
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$99,600
OperatingExpense$0
OriginalListPrice$999,900
RENT_FEE_INCLUDES
TOTAL_RENT8800
WaterSewerExpense$0
Lifestyle Information for 225 London St., Boston, Massachusetts 02128
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features1 To 2 Mile To Beach, Beach Front, Beach Ownership(public), Ocean
Location information for 225 London St., Boston, Massachusetts 02128
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 225 London St., Boston, Massachusetts 02128
MLSPIN_MARKET_TIME_BROKER13
MLSPIN_MARKET_TIME_PROPERTY13
PurchaseContractDate2024-11-13
Agent Information for 225 London St., Boston, Massachusetts 02128