Unit Information
Turnkey high-cash-flow opportunity leased through May 2027. This legal 16-bedroom, 5.5 bath student rooming house bordering campus offers strong in-place income, and consistent occupancy history, with an estimated Cap Rate of 10+%. Featuring 5,500+ SF with private furnished bedrooms designed for efficient shared living easily managed with several remote-management systems. Occupants enjoy a community kitchen with 2 ovens, 2 microwaves, 4 large refrigerators, dishwasher, business class Wi-Fi, premium cable and reverse-osmosis water dispenser. Commercial-grade laundry room with 2 card app washers & 2 gas dryers. Extensive renovations in 2017/2018 including efficient supplemental electric wall units, new boiler in 2023. metal roof on part of building and vinyl replacement windows. Rare opportunity to acquire a stabilized, fully operational student housing asset with strong rental demand, modern building systems, and minimal day-to-day management requirements.
- Additional Details
- Status: ACT
- Type: Multi-Family, Multi Family
- Zip Code: 03264
- Levels: 2
- Parking
- Garage Capacity: 11
- Parking: Paved,Off Street
- Parking Spaces: 11
- Rooms and Dimensions
- Total Units: 1
- Total Floors: 2
- Total Rooms: 21
- Has Basement: Yes
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$1,190,000
- Listing ID: 73528150
- Bedrooms: 16
- Full Baths: 5
- Half Baths: 1
- Living Area: 5,548 sqft Convert
- Lot Size: 7,405 sqft Convert
- Acres: 0.17
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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 | |