106 Tyler St, Unit B Boston, MA 02111
- Investment properties
- 4,680 SF
- 0.03 lot acres
Current Use by Public Records
- Cc Brothers Inc / General Contractor
- A Salon / Hair Salon
Property Details for 106 Tyler St
- Year built
- 1899
- Construction
- BRICK
- Lot size
- 0.03 lot acres
- Property size
- 4,680 SF
- Zone code
- RC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- CBOS W:03 P:05126 S:000
- APU
- CBOSW03P05126S000
Description
This exceptional mixed-use property, located at 106 Tyler Street in Boston's Chinatown, offers a compelling investment opportunity. The 5,850 square foot building, constructed in 1899 and extensively renovated in 2008, boasts five floor-through units: one three-bedroom, two-bathroom unit and three four-bedroom, two-bathroom units. A ground-floor retail space, currently leased to a hair salon until January 31, 2025, adds to the property's income stream. The building sits on a 1,050 square foot lot at the corner of Tai-Tung Street, providing excellent visibility. Each residential unit features updated kitchens, hardwood floors, and in-unit laundry, appealing to a wide range of tenants. The property enjoys 100% occupancy, generating a current Net Operating Income (NOI) of $210,078, with a pro-forma NOI projected at $218,997. Its prime location near Tufts Medical Center ensures strong rental demand and long-term stability. This five-story building presents a rare chance to acquire a well-maintained, high-performing asset in a thriving Boston neighborhood. The property's strong cash flow and potential for future appreciation make it an ideal addition to any investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $225,000
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Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0615
- Latitude
- 42.3484
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
