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Multifamily

Harvard Avenue Apartments

48-50 Harvard Ave, Brookline, MA 02446

Listing Price: Request For Offer

Number of Units
24
Occupancy
95.0%
Gross SF
18,763

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.

Investment Highlights

  • Harvard Avenue Apartments located 48-50 Harvard Avenue in Brookline, MA
  • The three-sectioned building features 24-Apartments including 18-One Bedrooms and 6-Studios
  • The Property includes 42 Off-Street Parking Spaces, On-Site Laundry Facilities and Storage for Tenants
  • Significant upside to Bring Rents to local Market Rates including monthly Parking fees
  • Legacy brick asset in one of the most highly demanded and walkable submarkets of Greater Boston

Exclusively Listed By

Financing By

Multifamily

Harvard Avenue Apartments

Listing Price: Request For Offer

Number of Units
24
Occupancy
95.0%
Gross SF
18,763

Investment Highlights

  • Harvard Avenue Apartments located 48-50 Harvard Avenue in Brookline, MA
  • The three-sectioned building features 24-Apartments including 18-One Bedrooms and 6-Studios
  • The Property includes 42 Off-Street Parking Spaces, On-Site Laundry Facilities and Storage for Tenants
  • Significant upside to Bring Rents to local Market Rates including monthly Parking fees
  • Legacy brick asset in one of the most highly demanded and walkable submarkets of Greater Boston

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.

Exclusively Listed By

Financing By

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