197 Green St - Apartments FOR SALE


Jamaica Plain, MA 02130
$11,500,000 USD
617-997-8351
197 Green St, Jamaica Plain, MA for Sale
$11,500,000 USD
Apartments - FOR SALE
1/5
null | 6% Cap Rate

197 Green St
Jamaica Plain, MA 02130


HIGHLIGHTS

  • Walking distance to MBTA Orange Line
  • Lots of natural light
  • Condo finishes & separately metered utilities

OVERVIEW

NEW MIXED-USE BUILDING FOR SALE IN JAMAICA PLAIN - Fully stabilized mixed-use building for sale built in 2022 featuring 23 residential apartments and 1 retail unit. High end finishes including modern cabinets & vanities, stone countertops, all new appliances & fixtures, in-unit washer/dryers, and ample natural light. The apartments include five studios, eleven 1-bedroom units, three 2-bedroom units, and four artist live/work lofts. The retail unit is leased to an interior designer until 6/30/28. Conveniently located steps to the Orange Line via the MBTA Green Street station. The property features six parking spots on the premises for additional income. The building also a mail room, bike rack room, and room for trash & recycling. All utilities are separately metered. Current gross income for the building is $810,729.48 annually with a lot of upside potential for rent growth. Floor plans & pro-forma are available upon request.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$562 USD /SF

# OF UNITS

24

PRICE/UNIT

$479,167

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

RC

APN/PARCEL ID

JAMA-000000-000011-002579,JAMA-000000-000011-002580

ASK ABOUT THIS PROPERTY

Sean RoseCity Realty GroupMore Info
617-997-8351

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Sean RoseCity Realty GroupMore Info
617-997-8351

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