Calling all investors and savvy developers! Potential 7.5%+ cap rate. Great opportunity to own a cash cow, mixed-use commercial and residential building in East Boston. This property features a commercial space on the ground level pulling in $8000/month with a long-term lease, along with 3+ residential units above. Location is very prime and next to the Central-Maverick Square neighborhood of Eagle Hill. Enjoy the convenience of Meridian street restaurants/shops, Liberty Plaza (CVS, Shaw's, Kappy's Liquors) and Maverick T is 0.5 mile with direct access to Downtown Boston and the Harborwalk. Great for a profitable buy/hold or go through variance process in this MU-7 zoning area!
Basement:
Full, Interior Entry, Concrete
Construction
Frame, Brick, Stone
Lot Description:
Corner Lot, Gentle Sloping, Level
Amenities:
Public Transportation, Shopping, Highway Access, Public School, T-Station
272-274B Meridian, Boston, (East Boston's Eagle Hill), MA, 02128
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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