aisellshomes.space

$22,000,000

Active

1-5 Cortes Street

Boston, MA, 02116

Multi-Family · MLS #73431804

Price/sqft

$1,456

Days on market

New today

Year built

1910

Lot size

0.13 ac

15,108 sq ft

Sq Ft

0.13 acres

Lot

1910

Year Built

Taxes: $9 (2099)

About this home

Presenting Arlington & Cortes, a portfolio of four (4) beautiful brownstone buildings - 1-5 Cortes Street and 143 Arlington Street - featuring 58 furnished short term rental units, located in Boston's Bay Village/Back Bay. Each building is a licensed lodging house enabling the short term rental operation. The building interiors are updated and recent building capital improvements include new roofs, re-pointed facades and life safety systems. The properties are situated in Boston’s most coveted neighborhood - Bay Village/Back Bay, surrounded by demand generators and incredible amenities. The properties are convenient to public transportation/subways and major highways (I-90, I-93), and centrally located to Boston’s employment hubs in the Back Bay, Financial District, and Longwood Medical Area. The portfolio presents a unique combination of value-add potential through enhanced occupancy and operations, with incredibly stable existing cash flow.

Listed by Christopher Sower · Cushman & Wakefield

Schedule a showing

1-5 Cortes Street

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$120,411 / month

Down payment20% · $4,400,000
Interest rate6.50%

Loan term

Principal & interest
$111,244
Property tax
$1
Home insurance
$9,167

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

Compare

Similar homes in Boston