This Multifamily Property is no longer advertised on LoopNet.com.
278 Beacon St
Multifamily Property For Sale
·
37 Units
INVESTMENT HIGHLIGHTS
½ mile to Porter Square and less than 1 mile to Harvard Square.
36 apartments, 34 parking spaces, plus roof rental to a Cell Tower.
Currently leased at below-market rental rates, presenting the opportunity to increase net income with minimal additional capital requirements.
July, 2020 note: At present, all Tenants in the building are current with rent payments.
Units are in turnkey condition; 30 of the 36 have been renovated.
See attached brochure and renovation grid. Offers may be presented until August 15, 2020.
PROPERTY FACTS
No. Units
37
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Mid-Rise
Building Class
B
Lot Size
0.36 AC
Building Size
38,090 SF
No. Stories
7
Year Built
1978
Parking Ratio
0.89/1,000 SF
Zoning
RC
AMENITIES
UNIT AMENITIES
Air Conditioning Cable Ready Dishwasher Disposal Storage Space Heating
Kitchen High Speed Internet Access Refrigerator Oven Range
Tub/Shower Views Carpet Double Pane Windows Freezer
Intercom Linen Closet Smoke Free Wheelchair Accessible (Rooms) Window Coverings
SITE AMENITIES
24 Hour Access Laundry Facilities Recycling
Smoke Free Trash Pickup - Curbside
Storage Space Bicycle Storage
Elevator Public Transportation
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
19
-
700
2+1
17
-
900 - 950
PROPERTY TAXES
Parcel Number
SOME-000039-D000000-000003
Improvements Assessment
$7,852,200
Land Assessment
$2,213,300
Total Assessment
$10,065,500
