1-4 Schrepel Pl - Apartments FOR SALE


Boston, MA 02127- South Boston
$6,200,000 USD
781-776-4000
1-4 Schrepel Pl, Boston, MA for Sale
$6,200,000 USD
Apartments - FOR SALE
1/15
null | 5.72% Cap Rate

1-4 Schrepel Pl
Boston, MA 02127
South Boston


HIGHLIGHTS

  • Dynamic South Boston Location
  • Transit Oriented Location
  • Stabilized Asset with Rent Growth

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multi-family investment property located at 1-4 Schrepel Place in the South Boston, “Southie”, neighborhood of Boston, Massachusetts (the “Property”). Centrally located in the heart of South Boston and 1.2 miles to Broadway Station and 1.7 miles to Boston’s South Station, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a three-story building containing twelve (12) units comprised of eight (8), 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units with 7,953 square feet of living area in 14,760 gross square feet on a 0.149-acre parcel. The building has separate utilities and the tenants are responsible for their own electricity, electric heat and hot water. The building features a coin operated laundry facility in the basement, individual tenant storage spaces in the basement and eight (8) off street parking spaces. Several of the units have been renovated, featuring hardwood floors, cherry colored wood cabinets, granite countertops and stainless-steel appliances. The Property has been well maintained and is currently leased at below market rates offering the opportunity to significantly increase rents to market rates via lease renewals.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$420 USD /SF

# OF UNITS

12

PRICE/UNIT

$516,667

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.