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1-5 Cortes Street

Boston, MA 02116
$22,000,000
9 Beds
9 Baths
15,108 Living Area
  • 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.
  • Highlights
    • Levels: 18
    • Property Type: 5+ Family - Rooming House
    • Total Rooms: 18
    • Status: Active
    • Property Class: Residential Income
    • Stories: 18
    • Year Built: 1910
  • Additional Details
    • Construction: Brick
    • Foundation: Concrete Perimeter
    • Roof: Rubber
    • Total Number of Units: 58
    • Year Built Source: Public Records
    • Fireplaces: 18
    • Lot Features: Other
    • SqFt Source: Public Record
    • Year Built Details: Actual
    • Zoning: 9
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $9
    • Taxes: $9
    • Tax Year: 2099
    • Total Rent: $19,998

Location

1-5 Cortes Street, Boston, MA 02116

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