47-49 - Massachusetts Ave

Estimated Monthly Payment: $34,201/mo 47-49 - Massachusetts Ave, Boston, MA 02115 MLS# 72411721 Multi-family Listing Status: Active
8
6
1
7,233 sqft

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91
45
0
4

REMARKS:

Location! Location!Location! Rare opportunity to purchase two adjacent three story brownstone brick buildings consisting of six (6) residential units and two store front in sought after Back Bay, heart of Boston! Living area does not include large unfinished basement with tall ceilings. Existing gross area with basement is 10,000+/- SF. Current zoning allows higher heights so there may be expansion possibilities. A++ prime location, between Marlborough St and Commonwealth Av, close proximity to Newbury St, Commonwealth Park, MIT, Boston University, Berklee College of Music and Charles River. Close to Northeastern University, Cambridge biotech hub and Harvard University. Property is in mint condition with many recent updates. All residential units have renovated kitchens and bathrooms. Hardwood floors throughout. Tall ceilings. Potential gross rents could be over $270k/year. Great asset to purchase as a legacy investment property or condo conversion and development.

OVERVIEW:

Multi-family
5-9 Family
Active
Back Bay
1899
7233
0.07
Brick
Other (See Remarks)
On Street Permit
On Street Permit
Public, Paved, Publicly Maint.
Level
City/Town Water
City/Town Sewer

FEATURES:

Wood, Tile, Hardwood

ROOM INFO:

Y
Full, Walk Out, Interior Access, Concrete Floor, Unfinished Basement
14

FINANCIAL:

$7,500,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Jessica Ye, Keller Williams Realty

 

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