Well located on High Street, this rarely available, solid, three-family building is just a few blocks from Monument Square and close to town center shops, restaurants and transportation. Investors, developers: this 3-unit dwelling is a prime investment or condo-conversion opportunity. Unit 1: this special 2BR/1BA unit features a private entrance, and spans 1000sf with a sun-drenched living/dining room. Units 2 and 3 each offer 1050sf, 3BR/1BA floor plates of bright living space with great entertaining flow. An unfinished basement with 1189sf offers potential for future development and features direct street access and four large windows. A large common roof deck with panoramic skyline/city views completes the building. All three units currently leased with a 5% cap rate at the current rent roll. Significant NOI upside, projected to exceed a 6.25% cap rate, through market-rate lease renewals. Two leases coming up.
Property Features
Basement
Full
Walk-Out Access
Interior Entry
Concrete
Unfinished
Heating Information
Natural Gas
Forced Air
Baseboard
Zoned
Cooling Information
None
Water Features
Public
Parking
On Street
School Information
School Information for 83 High Street, Boston, MA 02129
Elementary School
Bps
Middle School
Bps
High School
Bps
Listing Courtesy: Gibson Sotheby's International Realty - 617-242-4222