BEDS9
BATHS9 full
SQUARE FEET15,108
MLS#73431804
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Presenting Arlington & Cortes, a portfolio of four (4) beautiful brownstone buildings - 1-5 Cortes Street and 143 Arlington Street - featuring 58 furnished short term rental units, located in Boston's Bay Village/Back Bay. Each building is a licensed lodging house enabling the short term rental operation. The building interiors are updated and recent building capital improvements include new roofs, re-pointed facades and life safety systems. The properties are situated in Bostons most coveted neighborhood - Bay Village/Back Bay, surrounded by demand generators and incredible amenities. The properties are convenient to public transportation/subways and major highways (I-90, I-93), and centrally located to Bostons employment hubs in the Back Bay, Financial District, and Longwood Medical Area. The portfolio presents a unique combination of value-add potential through enhanced occupancy and operations, with incredibly stable existing cash flow.
Property Features
Property Type: Multi Unit - Multiple
Fireplaces: 18
Lot Size: 0.13 Acres
Roof Type: Rubber
Stories: 18.0
Taxes: $9
Year Built: 1910
Feature Descriptions
Building Area Total: 15108
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 214
Dwelling Type: 5+ Family - Rooming House
Exterior: Brick
Fireplace Y/N: Yes
Lot Features: Other
Parcel Number: 3348833
Parking Total: 0
Rooms Total: 18
Sewer: Public Sewer
Units: 58
Water: Public
Listed By / Shown By
Listed By
Agency Name: Cushman & Wakefield
Agency Phone: 617-330-6966
Agent Name: Christopher Sower
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 55,379.88 per month $48,962.46 Principal & Interest $0.75 Property Tax $6,416.67 Homeowner's Insurance
1-5 Cortes Street | MLS# 73431804
This multi-family property located at 1-5 Cortes Street, Boston, MA 02116 is currently listed for sale with an asking price of $22,000,000. Search Boston real estate on www.masiellogrouprealestate.com today.