Unit Information
22-unit studio apartment building with strong cash flow and value-add potential. T-12 through May 2026 reflects approximately $189,000 NOI. Property features numerous upgrades, including plank flooring, LED lighting, composite decking, and four sets of coin-operated laundry equipment generating additional income. Opportunity exists to further increase revenue through operational improvements, potential heat pump installation, and possible expansion of basement space (subject to buyer verification, permits, and approvals).Property appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives. Located in a desirable rental market with limited multifamily inventory. Seller financing, hard money, sale-leaseback, and other creative structures may be considered.
- Additional Details
- Status: NEW
- Type: Multi-Family, Multi Family
- Zip Code: 01001
- Levels: 2
- Parking
- Garage Capacity: 28
- Parking: Paved
- Parking Spaces: 28
- Rooms and Dimensions
- Total Units: 22
- Total Floors: 2
- Total Rooms: 22
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$2,800,000
- Status: New
- Listing ID: 73534182
- Full Baths: 22
- Living Area: 6,696 sqft Convert
- Lot Size: 29,800 sqft Convert
- Acres: 0.68
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |