228 Princeton Street

$2,100,000

13 Beds 11 Baths 6,987 Sq.Ft.

Description

DEVELOPMENT OPPORTUNITY. Building permit in hand to convert this existing 5 family into a 7 family! Delivered vacant! The seller has done the hard work getting the project approved and permitted so that you can simply close and start renovations. The plans call for the substantially above grade basement to be converted into a unit and the upper 3 floors to be gut rehabbed into 6 units, two per floor. The plans also call for the existing sun-porches to be rebuilt and repurposed as living area. The majority of units are 2 bed/2 bath. The lot is 5,000 sq/ft and has a driveway leading to a paved rear yard, great for construction and materials staging, and also excellent for resale as there is room for 5 car parking! Make this your next condominium project or investment property. It's hard to go wrong with East Boston real estate.

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Location

228 Princeton Street, Boston, MA 02128

Status

Sold

Property Amenities

Interior

Total Bedrooms: 13

Full Bathrooms: 11

Area & Lot

Lot Area 5,000 Sq.Ft.

Living area 6,987 Sq.Ft.

MLS® ID 72966528

Year Built 1899

Type Multi-Family

Status Sold

Exterior

Stories 11

Water Source Public

Sewer Public Sewer

Parking Off Street

Lot Features Gentle Sloping

Finance

Sales Price $2,100,000

Real Estate Tax $12,205 yearly

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The Residential Group at William Raveis Real Estate is a team of experienced agents, specializing in the sale of urban dwellings and new construction/renovation properties in Metropolitan Boston. They are consistently ranked among the top sales teams at William Raveis Real Estate and top teams in all of Massachusetts.

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$2,100,000