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Location! Location!Location! Rare opportunity to purchase two adjacent three story brownstone brick buildings consisting of six (6) residential units and two store front in sought after Back Bay, heart of Boston! Living area does not include large unfinished basement with tall ceilings. Existing gross area with basement is 10,000+/- SF. Current zoning allows higher heights so there may be expansion possibilities. A++ prime location, between Marlborough St and Commonwealth Av, close proximity to Newbury St,Commonwealth Park, MIT, Boston University, Berklee College of Music and Charles River. Close to Northeastern University, Cambridge biotech hub and Harvard University. Property is in mint condition with many recent updates. All residential units have renovated kitchens and bathrooms. Hardwood floors throughout. Tall ceilings. Potential gross rents could be over $270k/year. Great asset to purchase as a legacy investment property or condo conversion and development.
387 Beacon Street is situated in the Back Bay, Boston's most prestigious neighborhood. A five story brick townhouse, it consists of six residential apartments and offers three parking spaces in the rear. The building is uniquely positioned to capture seasonal views of the Charles River on the front, and to the Back Bay skyline in the rear. Elegant proportions, crown moldings, high ceilings, and period marble fireplaces are distinguishing features of 387 Beacon. This building affords the opportunity for an investor to own a turnkey asset in a world class location with exceptional income. Alternatively as a development opportunity, the location and architecture offer potential for conversion to a fine single family home or condominiums. Leased thru summer 2019. Income expense information in documents section of MLS. RECENT IMPROVEMENTS - COMMON LAUNDRY, UNIT 1 COMPLETELY RENOVATED - DESIGN BY NOTED ARCHITECT, NEW LANDSCAPING, IRRIGATION SYSTEM. INCOME & EXPENSE INFO IN DOCS SECTION
Listed by Rene Rodriguez and Karina Erickson of Cabot & Company
Federal 30-year interest rate: 4.37% last updated on 2019-02-14
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