315 Blue Hill AveBoston, MA 02121

Property Details for 315 Blue Hill Ave

Property size (Sq ft)

9,800 SF

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

This exceptional mixed-use property at 315 Blue Hill Ave, Boston, MA 02121, presents a compelling investment opportunity. The 9,800 square foot building boasts eight units: six residential apartments and two commercial spaces, all currently 100% occupied, generating a strong net operating income (NOI) of $216,448 and a 6.58% capitalization rate. The asking price is $3,290,000, translating to $411,250 per unit. A complete gut renovation was completed in 2014, enhancing the property's value and appeal. Recent improvements include repointing the brick exterior for enhanced durability and a fully installed sprinkler system for optimal fire safety. Each residential unit includes the convenience of in-unit laundry. This four-story building offers a blend of residential and commercial income streams in a prime Boston location, making it an attractive investment for discerning buyers seeking a stabilized, multi-tenant property with significant upside potential. The modified lease structure provides flexibility and potential for future income growth. The property's strong occupancy rate and recent renovations ensure a stable and profitable investment. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a desirable Boston neighborhood.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3137

Longitude

-71.0795

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