Off-Market Condo at 10 Orleans St, East Boston, MA 02128

10 Orleans St, East Boston, MA 02128

Unit - #106

$699,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $238 per day and long-term for an average of $3,598 per month, based on similar listings in the area. Estimated short-term cap rate of 9.3%. Estimated long-term cap rate of -1.8%. Summer by the harbor starts here – Spacious 2 Bed/2 Bath + 1 parking space in vibrant Jeffries Point! This quiet corner 1,033 SF home combines modern comfort with unbeatable access to downtown Boston/Seaport via Maverick T or ferry. Entertain in style in the open-concept living/dining/kitchen area, featuring hardwood floors, quartz countertops with bar-seating for 3, and sleek stainless steel appliances. Retreat to your spacious primary suite with double closets and a private en-suite bath. Generously-sized 2nd bedroom can easily accommodate a queen bed and home office set-up. Additional perks include ample in-unit storage, side-by-side washer & dryer, and new AC system. Step out through sliding glass doors to your private deck looking onto an expansive shared yard, perfect for morning coffee or evening cocktails after a long day. Steps to local favorites like the TallShip and the ReelHouse as well as the EB Greenway with a dedicated path directly to Constitution Beach for sunbathing.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$366
Rental Policy
daily
Yearly Taxes
$6906
Bedrooms
2
Bathrooms
2
SQFT
1,033
Furnished
N/A
Year built
1985
Listing Status
Off Market
MLS
73356015

Short-term Rental Potential
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$121,248

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$676

Price/SQFT

Long-term Rental Potential
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$43,176

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,598/mo

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