Property Description

Boasting a coveted location in Boston's vibrant South End, 670 Tremont Street, a multi-family gem has an unparalleled blend of sophistication and convenience. This elegant property comprises six meticulously maintained residential units, and 1 commercial unit. Currently being operated as 6 furnished minimum 30 day rentals grossing $283,000 per year. Hair salon occupies 2/3's of street level. 4 -1 beds, 1 two bed plus a studio apartment. All common utilities paid by owner. Can be purchased with all the furniture included. Proforma on MLS pinclip for projected rents as year to year leases. Strategically situated close to educational institutions and hospitals, this property is a haven for professionals. Discover the perfect blend of location, style, and comfort. As an investor seeking a prime property with credible upside rental potential , this is an opportunity you won't want to miss.

Property Details tap to expand

Building Information

  • Total Units: 7
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 6
  • Total Half Baths: 1
  • Amenities: Highway Access, Laundromat, Medical Facility, Public School, Public Transportation, Shopping, University
  • Basement Features: Full, Unfinished Basement

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 283000
  • Gross Expenses: 64791
  • Electric Expenses: 6023
  • Water/Sewer: 4250
  • INSC: 12301
  • Repairs & Maintenance: 4387
  • Miscellaneous Expense: 1810
  • Net Operating Income: 218209

Utilities

  • Heat Zones: 1
  • Electric Info: Circuit Breakers, Common, Other (See Remarks), Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1899
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73316947
  • Last Updated: 12/07/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/07/2024Active$4,400,000$745MLSPIN
12/03/2024New$4,400,000$745MLSPIN

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Seller's Representative: Ted Pietras, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-07 03:05:00