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$ 22,000,000
Est. payment | /mo
9 Beds
9 Baths
15,108 SqFt
$ 22,000,000
Est. payment | /mo
9 Beds
9 Baths
15,108 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Active
Purchase Type For Sale
Square Footage 15,108 sqft
Price per Sqft $1,456
MLS Listing ID 73431804
Bedrooms 9
Full Baths 9
Year Built 1910
Annual Tax Amount $9
Tax Year 2099
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5+ Family - Rooming House
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 Boston's 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 Boston's 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.
Location
State MA
County Suffolk
Zoning 9
Direction Four total buildings on the corner of Cortes and Arlington Streets.
Interior
Fireplaces Number 18
Exterior
Roof Type Rubber
Garage No
Building
Lot Description Other
Story 18
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Cushman & Wakefield
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Lavonne Lopes
Lic# 32513