Unit Information
This well-located 6-unit property at 345 Park Avenue features a mix of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, totaling 3,296 sq ft of living space. Four of the six units have been extensively renovated with granite countertops, new bathrooms, updated flooring, and modern finishes. All units are separately metered for gas heat, hot water, and electricity, with tenants paying their own utilities. The property includes six off-street parking spaces. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,330 monthly. Ideally positioned on the edge of the Piedmont neighborhood, it’s just a block from the intersection of Park Avenue and Chandler Street and a short walk to Clark University, with WPI located just a mile away. With continued rent growth potential and strong rental demand driven by over 36,000 local students, 345 Park Avenue offers a compelling investment opportunity.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5-9 Family
- Zip Code: 01610
- Levels: 6
- Parking
- Parking: Paved Drive, Off Street
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 6
- Total Floors: 6
- Total Rooms: 26
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$1,200,000
- Status: New
- Listing ID: 73410330
- Bedrooms: 10
- Full Baths: 6
- Living Area: 3,296 sqft Convert
- Lot Size: 4,825 sqft Convert
- Acres: 0.11
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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 | |