19 S Russell St - Apartments FOR SALE


Boston, MA 02114- Beacon Hill
$3,595,000 USD
617-939-1078
19 S Russell St, Boston, MA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/23
null | 4.71% Cap Rate

19 S Russell St
Boston, MA 02114
Beacon Hill


HIGHLIGHTS

  • Across The Street from Massachusetts General Hospital
  • Legal 9 Unit Building with Fire Alarm Monitoring
  • Excellent Rental History
  • Steps From Suffolk University
  • Rents are Under Market Rate
  • Value Add Opportunity

OVERVIEW

19 South Russell Street is a Prime Investment Opportunity in the historic & highly desirable Beacon Hill neighborhood. This Legal Nine-Unit Building has Excellent Rental History and is located just steps from Massachusetts General Hospital and Suffolk University. The unit mix includes Four (4) 1-bedroom/1-bath units and Five (5) studios with full baths. With an existing income stream and significant value add potential, this property provides stable cash flow and the opportunity for long-term appreciation in a high-demand market. Public transportation is abundant, with Red, Green, Orange, and Blue Lines all easily accessible to ensure seamless access to every part of the city. In-place rents are below market, presenting a significant opportunity to increase NOI by adjusting rents to current market rates. This property for the savvy investor seeking to capitalize on Beacon Hill’s historic appeal while meeting the demand for well-located, modern rental units. Great for Shorter or Mid term Rentals.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$1,110 USD /SF

# OF UNITS

9

PRICE/UNIT

$399,444

CAP RATE

4.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

971 SF

ZONING

A

APN/PARCEL ID

CBOS-000000-000003-000198

ASK ABOUT THIS PROPERTY

Zach BarronCore Property GroupMore Info
617-939-1078

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Zach BarronCore Property GroupMore Info
617-939-1078

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