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768 - 772 Tremont Street

South End, Boston, MA 02118
$5,250,000
12 Beds
12 Baths
11,172 Living Area
  • Property Description
    Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A – 1444 sqft, Unit B – 902 sqft. 2nd floor: Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 3rd floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 4th floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.
  • Highlights
    • Area: South End
    • Property Type: 5-9 Family
    • Year Built: 1899
    • Property Class: Residential Income
    • Total Rooms: 30
    • Status: Active
  • Additional Details
    • Foundation: Other
    • Total Number of Units: 8
    • Year Built Source: Public Records
    • Lot Features: Corner Lot, Level
    • Year Built Details: Actual, Approximate
    • Zoning: Mfr/ls
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, T-Station, University
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $2,094,000
    • Compensation Based On: Net Sale Price
    • Taxes: $36,673
    • Buyer Agent Compensation: 2.5%
    • Tax Year: 2023

Location

768 - 772 Tremont Street, Boston, MA 02118

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Content © 2024 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Gibson Sotheby's International Realty. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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