Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Expired

1423-1425 Tremont, Boston MA 02120

$2,450,000

Estimated $15,451/month Calculator

Land

Commercial

3,507 (0.08)

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 48 times

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

General Information for 1423-1425 Tremont, Boston MA 02120

Listing ID73134727

Price2450000

Land TypeCommercial

Approx AcresApprox. 0.08 acres (3,507 SqFt)

Number of Lots

Road Frontage Type

ZoningCOM

Electric220 Volts

GasAt Street

WaterPublic

SewerPublic Sewer

PERC Test

Association Required

Association Fee

Lot FeaturesGentle Sloping

Waterfront Features

View

Disclosures for 1423-1425 Tremont, Boston MA 02120

Special Listing Conditions

Buyer Agent Compensation2.5

Facilitator Compensation2

Financial Information for 1423-1425 Tremont, Boston MA 02120

Association Fee

Tax4257.74

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

Payment Calculator

, Interest

Property Taxes 354.81

Principal & Interest 15096.12

HOA Dues

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

Array
(
    [acres] => Approx. 0.08 acres (3,507 SqFt)
    [add_date] => 2024-05-07 06:56:16
    [address] => Tremont
    [agent] => Array
        (
            [address] => 
            [city] => 
            [id] => TM334200
            [name] => Mission Realty Advisors
            [national_association] => 
            [office] => AN3337
            [state] => 
            [zip] => 
        )

[apod_available] => Array
        (
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 0
    [approx_lot_size_acres] => 0.08
    [approx_lot_size_sqft] => 3507
    [assessed_value] => $171,899
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
        )

[bathrooms] => 
    [bedrooms] => 0
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.5
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => Commercial
        )

[c_type] => Array
        (
            [0] => Land
        )

[cap_rate] => 
    [city] => Boston
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Suffolk
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => 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.
    [disclosures] => 
    [documents_available] => Array
        (
            [0] => Perc Test
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Generator
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 2
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 
    [gas] => Array
        (
            [0] => At Street
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 06:56:16
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => Mission Hill
    [mls_id] => 73134727
    [neighborhoods] => 
    [net_income_calc] => -4257
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 
    [office] => Array
        (
            [id] => AN2383
            [name] => Compass
            [phone] => 617-206-3333
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 2450000
    [price_per_sqft] => 0
    [price_per_unit] => 2450000
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => Commercial
        )

[real_estate_tax] => 4257.74
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 0
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Expired
        )

[street_number] => 1423-1425
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2023
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 4257
    [total_gross_income] => 0
    [total_parking] => 0
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 
    [unit_1_bedrooms] => 
    [unit_1_floor] => 
    [unit_1_lease] => Array
        (
        )

[unit_1_levels] => 
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 
    [unit_2_bedrooms] => 
    [unit_2_floor] => 
    [unit_2_lease] => Array
        (
        )

[unit_2_levels] => 
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 1423-1425 Tremont, Boston MA 02120
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => 
    [waterfront_features] => Array
        (
        )

[year_built] => 0
    [year_built_details] => 
    [year_built_source] => 
    [year_renovated] => 
    [zip] => 02120
    [zips] => 
    [zoning] => COM
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/341852/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=8
            [8] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=9
            [9] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=10
            [10] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=11
            [11] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=12
            [12] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=13
            [13] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=14
            [14] => https://media.mlspin.com/photo.aspx?mls=73134727&w=1024&h=768&n=15
        )

[raw] => 
)

EXIT

13 More Photos