Investment Overview

Marcus & Millichap is excited to present the Harvard Avenue Apartments located in Brookline, MA. The legacy building features 24 apartments including 18 one-bedrooms and 6 studio apartments. The building also includes 42 off-street parking spaces, on-site laundry facility and storage for tenants. The three-section building has a newer gas fired boiler FHW system with a flat rubber roof. The apartments feature hardwood floors, tile bathrooms, white kitchen cabinetry and appliances. Heat and hot water are included, tenants are responsible for electricity. Investors have the opportunity to acquire a rare to market asset that has been in the same family since 1976. There is tremendous upside to increase the rents to local market rates, along with the monthly parking fees, which is roughly half of other local parking rates. The property is located in one of the most highly demanded submarkets of Greater Boston and within walking distance to the MBTA, local shopping/restaurants, and prestigous Brookline schools. In addition, its close to some of the best colleges/universities, tech/research companies and employers in the US; that will continue to appreciate for years to come.