$22,000,000
Active1-5 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 Bostons 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 Bostons 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
Estimated payment
$120,411 / month
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.
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