LRG Boston
(617) 233-5800
355 Boylston St
Boston, Ma 02116
1 Beacon St
Somerville, MA
Property Description
One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
offered at
$4,600,000
- Listing ID: 73226159
- Bedrooms: 16
- Full Baths: 8
- Living Area: 6,812 sqft Convert
- Lot Size: 5,662 sqft Convert
- Acres: 0.13
Additional Details
Type: Multi-Family, 5-9 Family
Area: Inman Square
Zip Code: 02143
Living Levels: 10
Parking
Parking: Off Street
Parking Spaces: 4
Rooms and Dimensions
Total Units: 6
Total Floors: 10
Total Rooms: 24
Contact: LRG Boston at (617) 233-5800
LRGBOSTON.COM
355 Boylston St. Boston, MA 02116