116 Brooks St - Apartments FOR SALE


Boston, MA 02128- Eagle Hill
$1,700,000 USD
781-776-4000
116 Brooks St, Boston, MA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/12
null | 6.05% Cap Rate

116 Brooks St
Boston, MA 02128
Eagle Hill


HIGHLIGHTS

  • Value-Add Potential
  • Densely Populated, Urban In-Fill Location
  • Transit Oriented Location
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multifamily investment property located at 116 Brooks Street in East Boston, Massachusetts (the “Property”). 116 Brooks Street is a three-story building and contains a total of six residential units, consisting of four (4) Studio units and two (2) 1-Bedroom/1-Bathroom units with 2,872 square feet of living area in 3,784 square feet of gross area on a 0.02-acre corner parcel of land. 116 Brooks Street is situated in an exceptional urban location in East Boston, with excellent access to local and regional transportation, as well as Boston’s Logan Airport. The Property is located in the Eagle Hill sub-district of East Boston and near Central Square, one of the primary commercial areas in East Boston that offers convenient access to an array of urban amenities, including retail, restaurants, entertainment and public transportation. Additionally, the Property is just 0.4 miles from the Airport Transit Station and 0.8 miles from the Maverick Transit Station, which offers service on the MBTA Blue Line and serves as a transfer point to various buses. 116 Brooks Street has been impeccably maintained during its ownership and includes numerous upgrades including a new Lochinvar Boiler and HP Hot Water Tank (2021), various renovations to the units’ interiors (Unit 5 features condo-quality finishes) as well as upgraded common areas. The Landlord is responsible for heat & hot water as well as electric.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

6.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

-

APN/PARCEL ID

EBOS-000000-000001-002944

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.