Unit Information
Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 9% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. .
- Additional Details
- Status: NEW
- Type: Multi-Family, 4 Family
- Zip Code: 02151
- Levels: 4
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 4
- Total Rooms: 16
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$1,489,000
- Status: New
- Listing ID: 73481847
- Bedrooms: 7
- Full Baths: 4
- Half Baths: 2
- Living Area: 6,457 sqft Convert
- Lot Size: 3,615 sqft Convert
- Acres: 0.08
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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 | |