LRG Boston
(617) 233-5800
355 Boylston St
Boston, Ma 02116
250-256 Somerville Ave
Somerville, MA
Property Description
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.
offered at
$8,400,000
- Status: Price Change
- Listing ID: 73222468
- Bedrooms: 24
- Full Baths: 12
- Living Area: 13,543 sqft Convert
- Lot Size: 12,194 sqft Convert
- Acres: 0.28
Additional Details
Type: Multi-Family, 5-9 Family
Area: Union Square
Zip Code: 02143
Living Levels: 3
Parking
Parking: Paved Drive, Off Street, Assigned, Driveway
Parking Spaces: 12
Rooms and Dimensions
Total Units: 12
Total Floors: 3
Total Rooms: 48
Contact: LRG Boston at (617) 233-5800
LRGBOSTON.COM
355 Boylston St. Boston, MA 02116