315 Blue Hill Ave Boston, MA 02121
- Mixed-use properties
- 9,800 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 315 Blue Hill Ave
- Property size
- 9,800 SF
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional mixed-use property at 315 Blue Hill Ave, Boston, MA 02121, presents a compelling investment opportunity. The 9,800 square foot building boasts eight units: six residential apartments and two commercial spaces, all currently 100% occupied, generating a strong net operating income (NOI) of $216,448 and a 6.58% capitalization rate. The asking price is $3,290,000, translating to $411,250 per unit. A complete gut renovation was completed in 2014, enhancing the property's value and appeal. Recent improvements include repointing the brick exterior for enhanced durability and a fully installed sprinkler system for optimal fire safety. Each residential unit includes the convenience of in-unit laundry. This four-story building offers a blend of residential and commercial income streams in a prime Boston location, making it an attractive investment for discerning buyers seeking a stabilized, multi-tenant property with significant upside potential. The modified lease structure provides flexibility and potential for future income growth. The property's strong occupancy rate and recent renovations ensure a stable and profitable investment. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a desirable Boston neighborhood.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0795
- Latitude
- 42.3137
