47-49 Massachusetts Ave
Location! Location!Location! Rare opportunity to purchase two adjacent three story brownstone brick buildings consisting of six (6) residential units and two store front in sought after Back Bay, heart of Boston! Living area does not include large unfinished basement with tall ceilings. Existing gross area with basement is 10,000+/- SF. Current zoning allows higher heights so there may be expansion possibilities. A++ prime location, between Marlborough St and Commonwealth Av, close proximity to Newbury St,Commonwealth Park, MIT, Boston University, Berklee College of Music and Charles River. Close to Northeastern University, Cambridge biotech hub and Harvard University. Property is in mint condition with many recent updates. All residential units have renovated kitchens and bathrooms. Hardwood floors throughout. Tall ceilings. Potential gross rents could be over $270k/year. Great asset to purchase as a legacy investment property or condo conversion and development.
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