768 - 772 Tremont Street, Boston, MA 02118
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$5,250,000
8 Unit
12 Beds
12 Baths
11172 SQFT
0.09 Acre

Property Description

Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A – 1444 sqft, Unit B – 902 sqft. 2nd floor: Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 3rd floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 4th floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.

Property Details tap to expand

Building Information

  • Total Units: 8
  • Total Floors: 14
  • Total Bedrooms: 12
  • Total Full Baths: 12
  • Amenities: Highway Access, Medical Facility, Park, Public Transportation, Shopping, T-Station, University

Financial

  • APOD Available: No

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1899
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73142105
  • Last Updated: 04/21/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/21/2024Active$5,250,000$470MLSPIN
04/21/2024Active$5,250,000MLSPIN
04/17/2024Back on Market$5,250,000MLSPIN
04/17/2024Back on Market$5,250,000$470MLSPIN
09/01/2023Under Agreement$5,250,000MLSPIN
09/01/2023Under Agreement$5,250,000$470MLSPIN
08/18/2023Contingent$5,250,000MLSPIN
08/18/2023Contingent$5,250,000$470MLSPIN
08/02/2023Active$5,250,000$470MLSPIN
08/02/2023Active$5,250,000MLSPIN
07/29/2023New$5,250,000MLSPIN
07/29/2023New$5,250,000$470MLSPIN

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Seller's Representative: Anthony Bruno, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-04-21 03:05:00