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House
·
for sale
USD 1,950,000
USD 553/sq.ft
New
8 bedroom, Boston MA 02129 103588307
Winthrop Beach
· 3,520 sq.ft · 8 Bedrooms · 3 Baths · House
· Deck · Cellar
Winthrop Beach · 3,520 sq.ft · 8 Bedrooms · 3 Baths · House · Deck · Cellar
Well located on High Street, this rarely available, solid, three-family building is just a few blocks from Monument Square and close to town center shops, restaurants and transportation. Investors, developers: this 3-unit dwelling is a prime investment or condo-conversion opportunity. Unit 1: this special 2BR/1BA unit features a private entrance, and spans 1000sf with a sun-drenched living/dining room. Units 2 and 3 each offer 1050sf, 3BR/1BA floor plates of bright living space with great entertaining flow. An unfinished basement with 1189sf offers potential for future development and features direct street access and five large windows. A large common roof deck with panoramic skyline/city views completes the building. All three units currently leased with a 5% cap rate at the current rent roll. Significant NOI upside, projected to exceed a 6.25% cap rate, through market-rate lease renewals. Two leases coming up
Well located on High Street, this rarely available, solid, three-family building is just a few blocks from Monument Square and close to town center shops, restaurants and transportation. Investors, developers: this 3-unit dwelling is a prime investment or condo-conversion opportunity. Unit 1: this special 2BR/1BA unit features a private entrance, and spans 1000sf with a sun-drenched living/dining room. Units 2 and 3 each offer 1050sf, 3BR/1BA floor plates of bright living space with great entertaining flow. An unfinished basement with 1189sf offers potential for future development and features direct street access and five large windows. A large common roof deck with panoramic skyline/city views completes the building. All three units currently leased with a 5% cap rate at the current rent roll. Significant NOI upside, projected to exceed a 6.25% cap rate, through market-rate lease renewals. Two leases coming up
USD 1,950,000