820-824 Huntington Ave Boston, MA 02115
Stabilized 6-unit asset near Longwood Medical Area with income potential.
Property size:
4,740 SFProperty Features for 820-824 Huntington Ave
General Information
- Standard status
- Active
- Size
- 4,740 SF
Building Details
- Year built
- 1920
Source:
Corcoran
Listing Agent: Kirsten Mceleney
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mission Hill Mixed-Use Investment Property
This stabilized 6-unit mixed-use property is located on a corner lot in Mission Hill, steps from the Longwood Medical Area universities. The property generates $186,694 in Net Operating Income, offered at a 5.84% CAP RATE. The commercial income is secured by two long-term leases with contractual rent escalations. The anchor market tenant’s lease extends to 2031 and includes a tax-stop clause. There is potential for strategic residential renovations to attract high-income Longwood Medical Area professionals from the new lab facility next door. Future potential exists to add a premium roof deck with skyline views, with full stair and headhouse access in place. The property is a proven cash-flow performer in a transit-oriented location. The property size is 4740 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.108827
- Latitude
- 42.333099
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FAQs
What type of property is this?
Mixed-use property - Stabilized 6-unit asset near Longwood Medical Area with income potential.
Where is this mixed-use property located?
The property is located at 820-824 Huntington Ave Boston, MA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: - Prime location steps to Longwood Medical Area (LMA) universities.; - Fully stabilized 6-unit asset generating $186,694 Net Operating Income with a 5.84% CAP RATE.; - De-risked commercial income with long-term leases and contractual rent escalations.