$22,000,000
9
Beds
9
Baths
15,108
Living Area
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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.
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Highlights
- Levels: 18
- Property Type: 5+ Family - Rooming House
- Total Rooms: 18
- Status: Active
- Property Class: Residential Income
- Stories: 18
- Year Built: 1910
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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
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $9
- Taxes: $9
- Tax Year: 2099
- Total Rent: $19,998
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