Property Description

Grove Property Group presents 633 East 6th Street, a fully renovated, turnkey three-family in City Point, South Boston. Every unit has been updated with new kitchens and baths, hardwood floors throughout, and all-new systems — electrical, plumbing, and HVAC with central air — so there's no deferred maintenance and minimal capital needs going forward. The unit mix is a 3-bed/2-bath and two 4-bed/2-baths, generating $16,600/month ($199,200/year) with anticipated NOI of $166,448 and room to push rents to market on turnover.PACKAGE OPPORTUNITY: 633 can also be sold together with the connecting 631 East 6th Street — a nearly identical, fully renovated three-family with the same rent roll — giving a buyer a freestanding 6-unit building, $33,200/month in rents, for $5,000,000.