?? Turnkey Investment Opportunity
Currently leased at $1,100/month with 5% annual rent growth. Stable tenancy provides consistent cash flow and minimal management needs.
??? Extensively Renovated
Over $60,000 in high-quality upgrades, including new flooring, lighting, and complete interior finishes. The unit is modern, bright, and ready for immediate occupancy.
?? Attractive Returns
Projected NOI of $13,860 with an estimated ~7% cap rate at the asking price of $198,000. A solid, low-maintenance investment in a high-demand market.
?? Prime Lexington Center Location
Located in the historic Adams Building, steps away from Lexington Common, restaurants, cafés, and boutique shops. Excellent accessibility to Route 2 and I-95 (Route 128).
??? Ample Parking Available
Convenient access to an on-site parking lot and nearby public parking, ensuring easy access for tenants and visitors.
?? Low Operating Costs
Monthly HOA fee of $161.60 and low property taxes provide a cost-efficient ownership structure.
There are no additional maintenance expenses, and the HOA handles repairs promptly and efficiently, keeping ownership simple and worry-free.
?? Professional Office Environment
Part of a well-managed professional condominium association with shared restrooms and stable occupancy.
?? Flexible Use Options
Ideal for owner-users or long-term investors. Easy to lease, easy to maintain, and located in one of Greater Boston’s most desirable suburban markets.