Off-Market Condo at 50 Athens St, South Boston, MA 02127
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50 Athens St, South Boston, MA 02127

Unit - #3

$949,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $350 per day and long-term for an average of $4,564 per month, based on similar listings in the area. Estimated short-term cap rate of 0.4%. Estimated long-term cap rate of -2.4%. Experience penthouse living in this stunning duplex, ideally located in the vibrant South Boston/Fort Point corridor. Just off W. Broadway and steps from the Harborwalk, this top-floor home offers 1,300+ sq. ft. of open-concept living with 2 bedrooms, 2 full baths, abundant natural light and high ceilings on both levels. The spacious living and dining area features a custom built-in media unit, while the kitchen boasts stainless steel appliances, abundance of cabinet space, and gas cooking. The primary suite includes a recently redone en-suite bath and large closet, while the second bedroom offers great space. Private roof deck, perfect for lounging, grilling, and entertaining. Additional features include central A/C, in-unit laundry, another outdoor space off of the kitchen, bike storage room, and direct-access deeded garage parking with ample storage space. Prime location near the Broadway T (Red Line), major highways, top restaurants, and markets, including Foodie’s and Whole Foods.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$517
Rental Policy
daily
Yearly Taxes
$10340
Bedrooms
2
Bathrooms
2
SQFT
1,322
Furnished
N/A
Year built
2003
Listing Status
Off Market
MLS
73358457

Short-term Rental Potential
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$80,604

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$717

Price/SQFT

Long-term Rental Potential
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$54,768

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,564/mo

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