Attention buy/hold investors looking to diversify their portfolio with commercial real estate! 65 Meridian Street offers a great opportunity to own a rarely available commercial condo near the Maverick Square neighborhood of East Boston. Unit "B" is a ground floor, retail space that is offering a 7.8% cap rate to new ownership with an established business, Boost Mobile, as an stable anchor tenant. This 4-story building was redeveloped in 2019 with 6 luxury residential condos above. This location has an amazing 96 walk score with high foot and car traffic and is ideally situated 0.3 miles from the Blue Line Maverick MBTA and next to bustling waterfront with direct access to Downtown Boston. Take advantage of the emerging East Boston market with heavy upside and consistent yearly growth opportunities.
65 Meridian Street, #B, Boston, 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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