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503 Beacon Street

Boston MA 02215

6
10
2
4959 sq. ft.
2275 sq. ft.
Other
Currently for sale - view listing

Overview

This offering presents a ten-unit residential building on the border of Boston's Back Bay and Fenway neighborhoods, made up of four studios and six one-bedroom units, with a proven value-add business plan already underway. Renovated units command a significant rent premium over their unrenovated counterparts for both studios and one-bedrooms, so a buyer can keep turning the remaining unrenovated units as they come up and capture meaningful rent growth. The location gives residents easy access to many of Boston's most sought-after destinations, including the Prudential Center, Newbury Street, the Fenway and Kenmore Square area, and Cambridge, which is just across the Charles River via Massachusetts Avenue. Nearby Green Line service connects residents to downtown and the greater Boston area, and a dense concentration of employers, hospitals, and universities supports consistent rental demand for studio and one-bedroom units. With in-place income, a demonstrated renovation premium, and continued upside, this property is an attractive opportunity to carry forward a proven strategy in one of Boston's most desirable and supply-constrained submarkets. The property also features 2-off street parking spaces!

Features

6 bedrooms
10 bathrooms
2 carspaces
2 open car spaces
4959 sq. ft. floor area
2275 sq. ft. lot size
Other

Happy sellers in Boston

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We have insufficient information to provide an overview of customer satisfaction for Boston. Viewing the agent profiles, reviews and sales for Boston can provide insights for this location.

Local market activity for 6 bedroom other properties in Boston

In the last 12 months, 1 six-bedroom other similar to 503 Beacon Street, have been sold.

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Sales:
(619) 566-0008
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