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47 Preble St
Boston, MA 02127
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Condo quality units with elevator and garage parking
- Condo conversion exit strategy as units were built and designed as for sale condos
- 300 yards from Red line
Executive Summary
Offering turnkey investment value in this modern, elevator-served multifamily bldg. delivered in Dec 2021 and fully stabilized at 100% occupancy, offered at approx. 5.3% cap rate. Has a Condo Conversion flip exit strategy. The 14-unit property features a highly desirable mix dominated by spacious 2BR/2BA residences plus one oversized 4BR unit. All units offer contemporary layouts w/ in-unit W/D, CA, individual HVAC, and high-quality finishes incl. quartz countertops and wide-plank flooring. Select units feature private balconies. Additional amenities include secure garage parking for 15 vehicles and low-maintenance new construction for ease of ownership. Ideally located steps from (Red Line), I-93, and minutes to the Seaport, Downtown Boston, and major employment hubs. Strong in-place income w/ some upside to market rents on a few. Boston’s most supply-constrained, high-demand submarkets. Buyer's agents compensated. Lowest cost per square foot for a building in south Boston built after 2020 by over $125 psf.
Property Facts
| Price Per Unit | $992,951 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.27% | Building Size | 23,700 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.63/1,000 SF |
| Zoning | A - Apartment | ||
| Price Per Unit | $992,951 CAD |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 23,700 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2022 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | A - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | - | 877 - 1,138 |
| 4+3.5 | 2 | - | 2,115 |
Property Taxes
| Parcel Number | SBOS-000000-000007-000676 | Improvements Assessment | $4,125,248 CAD |
| Land Assessment | $1,840,277 CAD | Total Assessment | $5,965,525 CAD |
Property Taxes
Parcel Number
SBOS-000000-000007-000676
Land Assessment
$1,840,277 CAD
Improvements Assessment
$4,125,248 CAD
Total Assessment
$5,965,525 CAD
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