Value-Add w/1500SF+ Apartments 201 Rawson Rd 3 Unit Apartment Building $3,450,000 ($1,150,000/Unit) 3.58% Cap Rate Brookline, MA 02445

Marcus & Millichap is pleased to present the three-unit apartment building located at 201 Rawson Road in Brookline, MA. Built in 1900, this triple-decker property is a total of 6,842 square feet and sits on .1 acre of land. Each unit is spacious and contains three-beds and one bath and is approximately 1550+ square feet. This well-maintained property is 100% occupied and has a strong lease history due to its very admirable neighborhood. The apartments feature classic spacious layouts including eat-in kitchens, modern appliances, full dining, living and sitting rooms, front and back porches; a long with additional amenities including off-street private parking and shared laundry in the basement. The heat is oil fired FHW included in the rent, tenants are responsible for their own electricity. Investors can achieve value-add thru the large layouts to convert the dining rooms into an additional 4th bedroom and take advantage or the back porch square footage for an additional bedroom / bathroom for each apartment. As well, the high ceiling basement could potentially be finished as an additional studio apartment or making the first floor a duplex, and the 3rd into a duplex (similar to the next-door neighbor who recently completed the same conversion).
Conveniently located within a 5-minute walk from Washington Square MBTA Green Line T-stop and just over 4 miles from Downtown Boston, this property is in a great location, set up for an easy commute anywhere in and around the Greater Boston area. Additionally, Rawson Road is within close proximity of local schools including Brookline High School, Boston College, Boston University and Northeastern University, Whole Foods and Star Market, along with dozens of local popular restaurants and shopping options known in the Brookline area. Brookline is a one of the most prestigious cities of Greater Boston.