Sold!
$2,250,000
0.4
Acres
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Property Description
Shovel ready BPDA approved 34 unit apartment development with 19 parking spaces in one of Boston's hottest submarkets. The project is located on an approximately 17,251 square foot parcel and offers 36,000 Gross SQFT and rentable sqftage of 28,750 consisting of 4 Studios, 11 one bedrooms, 2 One plus dens, 14 two bedrooms and 3 three bedroom units. Estimated gross rental income is over 1.2M/year. Amenities include bike room, package room, community room and common roof terrace. 804 Hyde Park Ave. is in a prominent urban infill location with excellent MBTA access including bus lines and good proximity to commuter rail stations. This project is a permitted as 100% stick build and ready to break ground immediately. Build a generational rental asset to hold long term, stabilize and sell as a MF asset or potentially pivot to a condo scenario. Endless opportunity awaits this unique development opportunity.
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Highlights
- Area: Hyde Park
- Property Class: Commercial Sale
- Status: Closed
- Parking Spots: 19
- Year Built: 2024
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Additional Details
- Zoning: Res
- Zoning Description: Other (See Remarks)
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Fees / Taxes
- Buyer Agent Compensation: 2%
- Tax Year: 2024
- Facilitator Compensation: 1%
- Taxes: $6,229
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Listing information provided courtesy of Charlesgate Realty Group, llc.
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