523 Columbus Avenue, Boston, MA 02118
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$4,500,000
7 Unit
8 Beds
7 Baths
5789 SQFT
0.04 Acre

Property Description

523 Columbus Avenue represents the opportunity to acquire an extremely rare brownstone asset in Boston’s highly coveted South End neighborhood. The property consists of 7 condominium units that feature stately finishes such as hardwood floors, high ceilings, original fireplaces, custom woodwork, and superior window lines with city views. The units range from studio through two bedroom units, and the asset improved by two private off-street parking spaces in the rear of the building. Although currently operating as a multifamily rental building, all 7 units at 523 Columbus are individually deeded as condominiums, allowing investors or owner occupiers the benefit of optionality. Additionally, 523 Columbus offers a value-add business plan through common area upgrades and light in unit renovations.

Property Details tap to expand

Building Information

  • Total Units: 7
  • Total Floors: 10
  • Total Bedrooms: 8
  • Total Full Baths: 7
  • Total Fireplaces: 5
  • Amenities: Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Finished, Interior Access, Other (See Remarks), Partial, Walk Out
  • Common Rooms: Kitchen, Living Room, Mudroom
  • Common Interior Features: Tile Floor
  • Common Appliances: Dryer, Washer, Washer Hookup
  • Common Heating: Electric, Forced Air, Forced Air, Oil, Space Heater
  • Common Cooling: Central Air, None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided, Pro. Forma Available
  • Gross Operating Income: 263280
  • Gross Expenses: 50074
  • Electric Expenses: 2799
  • Water/Sewer: 5100
  • INSC: 9537
  • Repairs & Maintenance: 4166
  • Net Operating Income: 213206

Utilities

  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1899
  • Type: 5-9 Family
  • Construction Type: Brick, Stone/Concrete
  • Foundation Info: Other (See Remarks)
  • Roof Material: Other (See Remarks)
  • Flooring Type: Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73285552
  • Last Updated: 09/09/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/09/2024Active$4,500,000$777MLSPIN
09/05/2024New$4,500,000$777MLSPIN

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Seller's Representative: Kevin Benzinger, Boston Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: 0.5
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-09 03:05:00