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Expired

1423-1425 Tremont, Boston MA 02120

$2,450,000

Estimated $15,450.93/month Calculator

Land

Commercial

3,507 SqFt (0.08 acres)

Incredible development opportunity, this fully entitled lot includes building permits & construction docs to build a 13,600sqft building with 10 units consisting of 9 two bedroom apartments/condos & 1 commercial space. Roughly 10,437 sqft of total sellable/rentable area & 5 garage parking spots on a 3,507 sqft. corner lot, 275ft from Roxbury Crossing Orange Line T. Average sales price is around $1,050/sqft+ for similar condos. At a building price of $375/sqft. after acquisition, holding & construction costs there’s ample profit to be made. Or hold & rent around a 7.4% cap rate. Sellers have obtained all necessary surveys, environmental reports, building & structural plans plus building permit, all fully approved. Within 1 mi. or less are Longwood Medical Area (largest employer outside of downtown Boston), Fenway, Northeastern, MCPHS, Wentworth, Southwest Corridor, plus restaurants, shops & more! Leave your mark on Mission Hill & generate a solid return. Offers due 7/28 @ 5pm.

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 6:56am (Source: MLS PIN #73134727)

General Information for 1423-1425 Tremont, Boston MA 02120

Listing ID73134727

Price$2,450,000

Land TypeCommercial

Approx AcresApprox. 0.08 acres (3,507 SqFt)

Number of Lots

Approximate Street Frontage

Road Frontage Type

ZoningCOM

ElectricAt Street

GasAt Street

WaterPublic

SewerPublic Sewer

Cultivation AcresNone

Pasture AcresNone

Timber AcresNone

PERC Test

PERC Test DateUnknown

AssociationNo

Association Required

Association Fee$0

Lot FeaturesZero Lot Line

WaterfrontNo

Waterfront Features

View

Disclosures for 1423-1425 Tremont, Boston MA 02120

DEQE/DEP#

Senior CommunityNo

Disclosures

Special Listing Conditions

For Sale By OwnerNo

Buyer Agent Compensation2.5

Facilitator Compensation2

Sub-Agent Compensation

Financial Information for 1423-1425 Tremont, Boston MA 02120

AssociationNo

Association Fee$0

Tax$4,257.74

Tax Year2023

Assessed Value$171,899

Contact Information for 1423-1425 Tremont, Boston MA 02120

Agent

Name: Mission Realty Advisors

Office

Name: Compass

Phone: 617-206-3333

Team Members

Name: Eric W. Johnson

Phone: 203-893-8316

Payment Calculator

, Interest

Property Taxes 354.81

Principal & Interest 15096.12

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Mission Realty Advisors

Agent Phone

Office Phone

(617) 206-3333

Text Agent Call Agent Call Office

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EXIT