40 Fisher Ave - Apartments FOR SALE


Boston, MA 02120- Mission Hill
$10,500,000 USD
617-908-6775
40 Fisher Ave, Boston, MA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/55
null | 5.04% Cap Rate

40 Fisher Ave
Boston, MA 02120
Mission Hill


HIGHLIGHTS

  • 100 % Occupancy Term Tenants
  • Proximity to Hospitals-Medical Schools Colleges
  • Underground Parking-Roof Decks-Professional Management

OVERVIEW

Introducing a prime investment opportunity in Boston, MA. This modern 22,039 SF building, constructed in 2016, offers 15 units and boasts a strong 100% occupancy rate, reflecting the highly competitive rental market with low vacancy rates. The property features eight coveted garage parking spaces, ideal for tenants' convenience. Additionally, with two affordable-rate units, this investment presents a balanced opportunity for revenue and community impact. The tenant demographic, comprising esteemed professionals like professors and healthcare experts, ensures a stable and sought-after renter profile. Discover the potential for long-term success and solid returns in this well-maintained and desirable multifamily/mid-rise property. Perfect for a 1031 exchange.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$476 USD /SF

# OF UNITS

15

PRICE/UNIT

$700,000

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2016

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

80

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Albert BouchieAdvisors CommercialMore Info
617-908-6775

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Albert BouchieAdvisors CommercialMore Info
617-908-6775

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