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$9,850,000
Est. payment /mo
16,389 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,389 sqft
Price per Sqft $601
MLS Listing ID 73474379
HOA Y/N false
Year Built 2021
Annual Tax Amount $74,929
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Offered without pricing - interested buyers can request guidance. Motivated seller. Offering turnkey investment value in this modern, elevator-served multifamily building delivered in Dec 2021 and fully stabilized at 100% occupancy, offered at approximately 6% cap rate. Features a condo-conversion flip exit strategy. The 14-unit property includes a highly desirable mix dominated by spacious 2BR/2BA residences plus one oversized 4BR unit. All units offer contemporary layouts with in-unit W/D, central A/C, individual HVAC, and high-quality finishes including quartz countertops and wide-plank flooring. Select units feature private balconies. Additional amenities include secure garage parking for 15 vehicles and low-maintenance new construction for ease of ownership. Ideally located steps from the Red Line, I-93, and minutes to the Seaport, Downtown Boston, and major employment hubs. Strong in-place income with upside to market rents in one of Boston's most supply-constrained, high-demand submarkets. Buyer's agents compensated details on request.
Location
State MA
County Suffolk
Area South Boston
Zoning A
Direction Entrance is on Preble street.
Exterior
Utilities Available Public Water
Roof Type Rubber
Others
Senior Community false
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Listed by Douglas Elliman Real Estate - Easter Entwistle Advisors
NEARBY SCHOOL & BUSINESS
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