$2,250,000
$2,695,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 05/04/2024
Key Details
Sold Price $2,250,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73197945
Sold Date 05/04/24
HOA Y/N false
Year Built 2024
Annual Tax Amount $6,229
Tax Year 2024
Lot Size 0.400 Acres
Acres 0.4
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.
Location
State MA
County Suffolk
Area Hyde Park
Zoning RES
Direction Corner of Hyde Park Ave and American Legion Highway
Exterior
Waterfront false
Total Parking Spaces 19
Others
Senior Community false
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Bought with Kirk Phillips • Christian Morgan Inc.
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REALTOR® | Lic# 9070371