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$ 9,999,000
Est. payment | /mo
16,389 SqFt
$ 9,999,000
Est. payment | /mo
16,389 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,389 sqft
Price per Sqft $610
MLS Listing ID 73474379
HOA Y/N false
Year Built 2021
Annual Tax Amount $74,929
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Back on the market with a significant price adjustment of $500,000 Offering turnkey investment value in this modern, elevator-served multifamily bldg delivered in Dec 2021 and fully stabilized at 100% occupancy, offered at approx. 5.3% cap rate. Has a Condo Conversion flip exit strategy. The 14-unit property features a highly desirable mix dominated by spacious 2BR/2BA residences plus one oversized 4BR unit. All units offer contemporary layouts w/ in-unit W/D, CA, individual HVAC, and high-quality finishes incl. quartz countertops and wide-plank flooring. Select units feature private balconies. Additional amenities include secure garage parking for 15 vehicles and low-maintenance new construction for ease of ownership. Ideally located steps from (Red Line), I-93, and minutes to the Seaport, Downtown Boston, and major employment hubs. Strong in-place income w/ some upside to market rents on a few. Boston's most supply-constrained, high-demand submarkets. Buyer's agents compensated
Location
State MA
County Suffolk
Area South Boston
Zoning A
Direction Entrance is on Preble street.
Exterior
Utilities Available Public Water
Roof Type Rubber
Others
Senior Community false
Listed by Douglas Elliman Real Estate - Easter Entwistle Advisors
Nearby Locations
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