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1-4 Schrepel Place 1-4 Schrepel Pl 12 Unit Apartment Building $5,900,000 ($491,667/Unit) 6.09% Cap Rate Boston, MA 02127



Investment Highlights
- Dynamic South Boston Location
- Stabilized Asset with Rent Growth
- Transit Oriented Location
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 1-4 Schrepel Place in the South Boston, “Southie”, neighborhood of Boston, Massachusetts (the “Property”). Centrally located in the heart of South Boston and 1.2 miles to Broadway Station and 1.7 miles to Boston’s South Station, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a three-story building containing twelve (12) units comprised of eight (8), 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units with 11,070 square feet of living area in 14,760 gross square feet on a 0.149-acre parcel. The building has separate utilities and the tenants are responsible for their own electricity, electric heat and hot water. The building features a coin operated laundry facility in the basement, individual tenant storage spaces in the basement and eight (8) off street parking spaces. Several of the units have been renovated, featuring hardwood floors, cherry colored wood cabinets, granite countertops and stainless-steel appliances. The Property has been well maintained and is currently leased at below market rates offering the opportunity to significantly increase rents to market rates via lease renewals.
Property Facts
| Price | $5,900,000 | Building Class | C |
| Price Per Unit | $491,667 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 14,760 SF |
| Cap Rate | 6.09% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Price | $5,900,000 |
| Price Per Unit | $491,667 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 14,760 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.54/1,000 SF |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
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1-4 Schrepel Place | 1-4 Schrepel Pl
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