529 Beacon consists of a four-story brick building with 23 residential units comprised of 9 Studio units and 14 1-Bedroom/1-Bathroom units. Tenants of the property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. The Property also offers 4 parking spaces and an on site laundry facility. 529 Beacon, which is fully sprinklered, features recent capital improvements including a new roof (2024), renovated common areas and various cosmetic improvements to the units’ interiors. 529 Beacon offers the opportunity to acquire a trophy asset in a highly desirable urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. In place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades.
| MLS Listing ID: | 73356963 |
|---|---|
| Listing Price: | $10,000,000 |
| Listing Status: | Active [?] |
| Neighborhood: | Back Bay |
| Property Type: | Multi Family |
| Bedrooms: | 23 |
| Full Baths: | 23 |
| Living Space: | 13246 sf. |
| Lot Size: | 0.09 acres (3920 sf.) |
| Parking: | Yes |
| Taxes: | $51,616.00 |
Listing Current as of April 19, 2025 5:00pm
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