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116 Brooks St Boston, MA 02128

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For Sale
$1,595,000

Six residential units in East Boston with value-add potential.

Lot size:
0.02 Acres

Property Features for 116 Brooks St

General Information

Lot size
0.02 Acres

Building Details

Year built
1899

Source: Horvath & Tremblay Agent Dennis Kelleher

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

East Boston Multifamily Investment Opportunity

The property at 116 Brooks Street features a total of six residential units, including four studio units and two 1-bedroom/1-bathroom units. The building has been impeccably maintained and includes a new Lochinvar Boiler and HP Hot Water Tank installed in 2021, as well as various renovations to the unit interiors. Unit 5 features condo-quality finishes, and the common areas have been upgraded. The landlord is responsible for heat, hot water, and electric. The in-place rents are below the current market rent for comparable units in the area, offering the potential to raise rents and increase current revenue through programmatic upgrades of the unrenovated unit interiors, as well as upgrading the building's electrical service to feature separate electric. Unit 3 is currently vacant and will need to be renovated for the highest and best use. The property is situated in an exceptional urban location in East Boston.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Boston
County
Suffolk
State
Massachusetts
Longitude
-71.16275
Latitude
42.35364

FAQs

What type of property is this?
Apartment building - Six residential units in East Boston with value-add potential.
Where is this apartment building located?
The property is located at 116 Brooks St Boston, MA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: - Six residential units: four studio units and two 1-bedroom/1-bathroom units.; - New Lochinvar Boiler and HP Hot Water Tank (2021).; - Unit 5 features condo-quality finishes.
More about this property
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