J
Seller's Agent in 2021
John Federico
Greater Metropolitan R. E.
202 H St Boston, MA 02127
South Boston NeighborhoodEstimated Value: $1,458,000 - $2,069,021
30
Beds
9
Baths
7,705
Sq Ft
$247/Sq Ft
Est. Value
Highlights
- Waterfront
- Property is near public transit
- Park
- 0.08 Acre Lot
- Jogging Path
- Shops
About This Home
As of September 2021Greater Metropolitan Real Estate is pleased to present this EXTREMELY RARE 9 UNIT investment property on the EAST SIDE of South Boston. The asset is comprised of three attached side by side 3-Families giving investors the opportunity to acquire 9 units at once, while utilizing residential financing. Prime location, just a 9-Iron chip shot away from the beach. The property features a very lucrative unit mix currently consisting of 30 bedrooms. (3) 2-level 4-bedroom apartments and (6) 3-bedroom apartments. All units have been recently renovated with hardwood floors, granite countertops, stainless steel appliances, and partial WATER VIEWS, etc. The massive, shared backyard and patio spans the length of the entire property giving this building a very unique amenity. There is VALUE-ADD potential in all three of the 4-bed duplex apartments (ask broker). STUNNING RENT ROLL averaging $32,500 per month the last three years and projected to reach or beat $33,000 per month or $396,000 per year.
Last Agent to Sell the Property
John Federico
Greater Metropolitan R. E. Listed on: 06/03/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,979
Year Built
- Built in 1900
Lot Details
- 3,485 Sq Ft Lot
- Waterfront
- Fenced
Home Design
- Frame Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 7,705 Sq Ft Home
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 30 Bedrooms
- 9 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Additional Features
- Integrated Pest Management
- Property is near public transit
- Electric Water Heater
Listing and Financial Details
- Total Actual Rent $32,550
Community Details
Overview
- 9 Units
- Property has 2 Levels
Amenities
- Shops
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $61,352
- Net Operating Income $132,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2021
Closed on
Sep 30, 2021
Sold by
Jpom Investment 3 Llc
Bought by
Liu Fenghai and Yang Xiaowen
Seller's Agent
John Federico
Greater Metropolitan R. E.
Buyer's Agent
Femion Mezini
Capital Realty Group
List Price
$5,950,000
Sold Price
$5,775,000
Premium/Discount to List
-$175,000
-2.94%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,869,745
Avg. Annual Appreciation
-22.59%
Original Mortgage
$1,300,000
Outstanding Balance
$1,174,210
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$731,045
Purchase Details
Listed on
Jun 3, 2021
Closed on
Sep 28, 2021
Sold by
Mj Venture Llc
Bought by
Jpom Investment 3 Llc and Mvc Property 8 Llc
Seller's Agent
John Federico
Greater Metropolitan R. E.
Buyer's Agent
Femion Mezini
Capital Realty Group
List Price
$5,950,000
Sold Price
$5,775,000
Premium/Discount to List
-$175,000
-2.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Outstanding Balance
$1,174,210
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$731,045
Purchase Details
Listed on
Apr 13, 2015
Closed on
Jun 30, 2015
Sold by
Laface Salvatore and Laface Victoria
Bought by
Mj Venture Llc
Seller's Agent
Caroline Ligotti and Shannon Lavin
Douglas Elliman Real Estate - Park Plaza
Buyer's Agent
Ryan Foley
Greater Metropolitan R. E.
List Price
$1,300,000
Sold Price
$1,300,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.90%
Original Mortgage
$3,120,000
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2003
Sold by
Hayaya Katherine I and Hadaya George S
Bought by
Laface Victoria and Laface Salvatore
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 4, 1990
Sold by
Capitol Bk & Tr Co
Bought by
Davis Geoffrey A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
10.16%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liu Fenghai | $1,925,000 | None Available | |
| Jpom Investment 3 Llc | -- | None Available | |
| Mj Venture Llc | $1,300,000 | -- | |
| Laface Victoria | -- | -- | |
| Davis Geoffrey A | $250,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Liu Fenghai | $1,300,000 | |
| Previous Owner | Mj Venture Llc | $3,120,000 | |
| Previous Owner | Davis Geoffrey A | $195,000 | |
| Previous Owner | Davis Geoffrey A | $181,000 | |
| Previous Owner | Davis Geoffrey A | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $5,775,000 | -2.9% | $750 / Sq Ft | |
| 07/05/2021 07/05/21 | Pending | -- | -- | -- | |
| 06/03/2021 06/03/21 | For Sale | $5,950,000 | +357.7% | $772 / Sq Ft | |
| 06/30/2015 06/30/15 | Sold | $1,300,000 | 0.0% | $478 / Sq Ft | View Prior Sale |
| 05/31/2015 05/31/15 | Pending | -- | -- | -- | |
| 04/13/2015 04/13/15 | For Sale | $1,300,000 | -- | $478 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,127 | $1,392,700 | $468,200 | $924,500 |
| 2024 | $14,227 | $1,305,200 | $302,000 | $1,003,200 |
| 2023 | $13,224 | $1,231,300 | $284,900 | $946,400 |
| 2022 | $12,179 | $1,119,400 | $259,000 | $860,400 |
| 2021 | $11,944 | $1,119,400 | $259,000 | $860,400 |
| 2020 | $10,139 | $960,100 | $245,400 | $714,700 |
| 2019 | $9,641 | $914,700 | $184,400 | $730,300 |
| 2018 | $9,132 | $871,400 | $184,400 | $687,000 |
| 2017 | $8,785 | $829,600 | $184,400 | $645,200 |
| 2016 | $8,820 | $801,800 | $184,400 | $617,400 |
| 2015 | $8,054 | $665,100 | $165,600 | $499,500 |
| 2014 | $7,115 | $565,600 | $165,600 | $400,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Femion Mezini
Buyer's Agent in 2021
Femion Mezini
Capital Realty Group
(508) 801-7122
8 in this area
158 Total Sales
-
C
Seller's Agent in 2015
Caroline Ligotti and Shannon Lavin
Douglas Elliman Real Estate - Park Plaza
-
Ryan Foley
Buyer's Agent in 2015
Ryan Foley
Greater Metropolitan R. E.
(617) 523-2505
8 in this area
13 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72843223
APN: SBOS-000000-000007-002018
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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