This exciting multifamily investment opportunity in Boston’s vibrant South End consists of 5 units, 4 stories, and 3005 SF. This professionally managed property is conveniently located near Northeastern University, Emerson College, Berklee College of Music, Symphony Hall, and the Prudential Center. The neighborhood location offers access to multiple MBTA stations, hospitals, and an abundance of shops and restaurants. The interiors of each 2-bedroom apartment include stainless steel appliances, gas cooking, microwave, dishwasher, stack washer/dryer, and wood floors. A new Navien heating system was added in 2023. The property is enhanced with rear decks, a roof deck, and 2 on-site parking spaces. With a solid track record of 100% occupancy by students and young professionals, the building is currently fully leased, with most units on a 9/1 move-in cycle. This steady income-producing asset also offers potential for conversion to condominiums or a single-family home.
— MLSPIN #: 73312099Map of 775 Tremont Street, Boston, MA 02118
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| List Price: | $3,295,000 |
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| Status: | Active |
| MLS ID: | 73312099 |
| Town: | Boston |
| Neighborhood: | South End |
| County: | Suffolk |
| Zip: | 02118 |
| Property Type: | Residential Income |
| Property Sub Type: | 5+ Family - 5+ Units Up/Down |
| Bedrooms: | 10 |
| Full Baths: | 6 |
| Half Baths: | 3 |
| Living Area: | 3,005 sqft |
| Acres: | 0.04 |
| Taxes: | 23,243 |
| Lot Features: | Level |
| Parking Features: | Assigned |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1899 |
| Directions: | Tremont Street towards Mass Ave |
| Foundation Details: | Block |
| Listing Contract Date: | 2024-11-13 |
| Fireplace?: | Yes |
| Lot Size Area: | 0.04 |
| Lot Size Square Feet: | 1,600 |
| Fireplaces Total: | 2 |
| Rooms Total: | 43 |
| Bathrooms Total Integer: | 9 |
| Building Area Source: | Other |
| Building Area Total: | 3,005 |
| Community Features: | Public Transportation, Shopping, Medical Facility, Bike Path, Highway Access, House of Worship, T-Station, University |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 5 |
| Parcel Number: | 3392945 |
| Patio And Porch Features: | Deck, Deck - Roof |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Oven |
| Zoning: | 4-6 Family |
| Stories Total: | 11 |
| View: | City View(s) |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $189,360 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Flrs 3: | 2 |
| Flrs 4: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 2 |
| Levels 2: | 2 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $1,096.51 |
| Page: | 170 |
| Price Per Sqft: | $1,096.51 |
| Square Feet Disclosures: | See architectural plans attached |
| Square Feet Incl Base: | No |
| Net Operating Income: | $189,360 |
| Original List Price: | $3,295,000 |
| Parking Total: | 2 |
| Tax Assessed Value: | $2,101,400 |
| Tax Year: | 2025 |
| Total Actual Rent: | $15,780 |
| View?: | Yes |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| Bedrms 3: | 2 |
| Bedrms 4: | 2 |
| F Bths 1: | 2 |
| F Bths 2: | 2 |
| F Bths 3: | 2 |
| F Bths 4: | 2 |
| H Bths 2: | 1 |
| H Bths 3: | 1 |
| Rent1: | 3,050 |
| Rent2: | 2,950 |
| Rent3: | 3,305 |
| Rent4: | 3,275 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 23, 2024 08:02 AM
Property Last Updated: November 17, 2024 03:10 AM
Listing Courtesy of: LandVest, Inc.
Listing Agent: Amy L Donovan
617-892-1100
