Unit Information
Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). The current leasing season is supporting projected gross rents of approximately $580,000. Historical operating expenses of about $65,000. Projected NOI from operations of $515,000! Projected gross rents based on units renting at $3,950 and 4 parking spaces at $300. Private showings for qualified buyers only.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5-9 Family
- Area: Union Square
- Zip Code: 02143
- Living Levels: 3
- Selling Broker Compensation: 2.0%
- Buying Broker Compensation: 2.0%
- Parking
- Parking: Paved Drive, Off Street, Assigned, Driveway
- Parking Spaces: 12
- Rooms and Dimensions
- Total Units: 12
- Total Floors: 3
- Total Rooms: 48
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$8,888,000
- Listing ID: 73222468
- Bedrooms: 24
- Full Baths: 12
- Living Area: 13,543 sqft Convert
- Lot Size: 12,194 sqft Convert
- Acres: 0.28
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |