Inquiry Submitted
Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A – 1444 sqft, Unit B – 902 sqft. 2nd floor: Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 3rd floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 4th floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.
MLS Listing ID: | 73142105 |
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Listing Price: | $5,250,000 |
Listing Status: | Active [?] |
Neighborhood: | South End |
Property Type: | Multi Family |
Bedrooms: | 12 |
Full Baths: | 12 |
Living Space: | 11172 sf. |
Lot Size: | 0.09 acres (3774 sf.) |
Parking: | - |
Taxes: | $36,673.76 |
Tax Year: | 2023 |
Listing Current as of November 05, 2024 12:00am
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