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323 W 4th, South Boston, MA 02127

12 Bed, 6 Bath Multi-Family Home For Sale

323 W 4th, South Boston, MA 02127 House For Sale - MLS #72405947
Under Agreement
$2,999,000
12
6
Multi-Family
3 Family

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Property Description for 323 W 4th, South Boston, MA 02127

323 W 4th is a brand new ground-up construction apartment building located in one of the most sought after sections of South Boston. The property is fully-occupied and comprised of (3) four-bedroom / two-bathroom units. The apartments feature spacious open floor plans and are fully equipped with luxury appointments. The asset also includes garage parking that accommodates 4 vehicles and on-site bicycle storage. Currently, the building generates a robust $17,200 per month or $206,400 annually (5.35% Cap Rate) making it a true turn-key investment. 323 W 4th is a versatile offering that bodes well as a long term rental property or a condominium conversion play. South Boston continues to be one of New England's strongest real estate markets and investors will be able to take advantage of the tremendous rent growth and property appreciation this area continues to experience year after year.

Interior Details

4,863 sq. ft.
$616.70/sq. ft.

Exterior Details

0.06 acres
2,585 sq. ft.
4 Garage Spaces
4

Other Details

72405947
2015

Units Description

Unit #1
Rooms: 8      Bedrooms: 4      Full / Half Baths: 2      Levels: 1      Floor: 1      Rent: $5,400      Lease: Yes
Cooling : Central Air

Unit #2
Rooms: 8      Bedrooms: 4      Full / Half Baths: 2      Levels: 1      Floor: 2      Rent: $5,300      Lease: Yes
Cooling : Central Air

Unit #3
Rooms: 8      Bedrooms: 4      Full / Half Baths: 2      Levels: 1      Floor: 3      Rent: $5,400      Lease: Yes
Cooling : Central Air

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Monthly Mortgage Payments

$13,622
$18,973

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Town Description

Once a predominantly Irish Catholic community, in recent years South Boston has become increasingly desirable among young professionals and families who are attracted to the neighborhood's strong...

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