1-5 Cortes Street, Boston, MA 02116
1-5 Cortes Street, Boston, MA 02116
1-5 Cortes Street, Boston, MA 02116
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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222
$22,000,000
Est. payment /mo
9 Beds
9 Baths
15,108 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 15,108 sqft

Price per Sqft $1,456

MLS Listing ID 73431804

Bedrooms 9

Full Baths 9

Year Built 1910

Annual Tax Amount $9

Tax Year 2099

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type 5+ Family - Rooming House

Property Description

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.

Location

State MA

County Suffolk

Zoning 9

Direction Four total buildings on the corner of Cortes and Arlington Streets.

Interior

Fireplaces Number 18

Exterior

Roof Type Rubber

Garage No

Building

Lot Description Other

Story 18

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Cushman & Wakefield

NEARBY SCHOOLS & PROPERTIES

BHRE Brad Hutchinson Real Estate

At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts 02176, United States

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1-5 Cortes Street