$1,500,000
Active1081 River St
Boston, MA, 02136
Land · MLS #73508690
Days on market
New today
Lot size
0.33 ac
0.33 acres
Lot
About this home
1081 River St offers a BPDA and ZBA approved project for the construction of a four (4) story residential building featuring 28 rental units with 15 onsite parkingspaces. The development spans approximately 27,584 square feet of gross floor area and includes 9 studios, 3 one-bedroom units, 13 two-bedroom units, and 3three-bedroom units. Estimated gross rental income is over $1M/year. 1081 River Street is in a prominent urban infill location with excellent MBTA access, includingbus lines and good proximity to commuter rail stations. Build a generational rental asset to hold long term, stabilize, and sell as a MF asset or potentially pivot to acondo scenario. Endless opportunities await this unique development opportunity.
Property details
- Road type
- Public
- Electric
- 110 Volts
Listed by Enis Shehu · Cameron Real Estate Group - Framingham
Schedule a showing
1081 River St
Estimated payment
$9,710 / month
Loan term
- Principal & interest
- $7,585
- Property tax
- $1,500
- Home insurance
- $625
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).
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