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Multifamily

Harvard Ave Apartments

48-50 Harvard Ave, Brookline, MA 02446

Listing Price: $10,500,000

Cap Rate
5.10%
Number of Units
24
GRM
12.09
Occupancy
95.0%
Price/Unit
$437,500
Price/Gross SF
$559.61
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 20 one-bedrooms, 3 studios and 1 two-bedroom apartments. The building also includes 42 off-street parking spaces, on-site laundry facility. 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. The roof and windows were replaced in 2014, the gas boiler in 2021, and several units that have been updated, leaving upside for buyers to continue to improve the units and raise the rents accordingly.

Investment Highlights

  • 24-unit Apartment Complex with 42-Parking spaces located in Brookline, MA
  • Featuring (20) one-bedrooms, (3) studios and (1) two-bedroom apartment
  • The flat rubber roof and metal windows were replaced in 2014 and the gas boiler in 2021

Exclusively Listed By

Financing By

Multifamily

Harvard Ave Apartments

Listing Price: $10,500,000

Cap Rate
5.10%
Number of Units
24
GRM
12.09
Occupancy
95.0%
Price/Unit
$437,500
Price/Gross SF
$559.61
Gross SF
18,763

Investment Highlights

  • 24-unit Apartment Complex with 42-Parking spaces located in Brookline, MA
  • Featuring (20) one-bedrooms, (3) studios and (1) two-bedroom apartment
  • The flat rubber roof and metal windows were replaced in 2014 and the gas boiler in 2021

Investment Overview

Marcus & Millichap is excited to present the Harvard Avenue Apartments located in Brookline, MA. The legacy building features 24 apartments including 20 one-bedrooms, 3 studios and 1 two-bedroom apartments. The building also includes 42 off-street parking spaces, on-site laundry facility. 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. The roof and windows were replaced in 2014, the gas boiler in 2021, and several units that have been updated, leaving upside for buyers to continue to improve the units and raise the rents accordingly.

Exclusively Listed By

Financing By

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