768 - 772 Tremont Street Boston, MA
$5,250,000
Beds 12
Baths 12
Square Feet 11,172
Acres 0.09
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.
Listed by Gibson Sotheby's International Realty, Anthony Bruno
Details
MLS 73142105
Status Active
Price $5,250,000
DOM 500 days
Type Multi-Family
Beds 12
Total Baths 12 full baths
Square Feet 11,172 sqft
Lot Size 0.09 acres
Year Built 1899
Lot & Building Features
Sewer Public Sewer
Tax Year 2023
Taxes Paid $36,673
Water Public
Foundation Other
Full Baths 12
Total Rooms 30
Garage Spaces 0
Map
Get Directions
Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.