Price Upon Req.27,367 SF
Boston Realty Advisors has been exclusively retained to market the sale of the former Alexandra Hotel located at 631 Massachusetts Avenue in Boston's South End neighborhood. Combined with the adjacent lot at 1769 Washington Street, this exquisite historic property features over 30,000 SF of redevelopment potential and boasts a variety of redevelopment scenarios including luxury apartments, condominiums, office, hotel, and retail. Formerly a luxury hotel, the property features five stories complete with a grand entrance, ability for ground floor retail, and full basement. The window lines and 12+ ft ceilings provide ample light and flexibility. Redevelopment of the existing structure has been previously endorsed by the Boston Redevelopment Authority (BRA). Boston Realty Advisors is conducting a call for offers marketing process for the purchase of this one-of-a-kind historic urban redevelopment opportunity.
Price Upon Req.25,044 SF
Please contact the listing broker to schedule a property tour.Auction.com and Marcus & Millichap are pleased to offer the opportunity to acquire the West & William Square Apartments located in Worcester, MA. The subject property is comprised of five contiguous apartment buildings, on 4 separate parcels, containing 33 units and is located at the intersection of West and William Street in Worcester, Massachusetts. The properties, according to the assessor records were built in the early 1900s and together have a total building size of 25,044 square feet and a lot size of 0.81 acres. The buildings contain 10 studio units, 17 one bedroom, one bathroom units, and 6 two bedroom and one bathroom units. The subject properties offer off-street parking for tenants as well as on-street parking via city permits. The landlord is responsible for the cost of heat and hot water, tenants are responsible for their own electricity. The heating systems vary in age, but all are fueled by natural gas.These properties are located adjacent to Becker College and a half mile from both Worcester Polytechnic Institute and MCPHS University (formerly Massachusetts College of Pharmacy and Health Sciences).
Price Upon Req.236,679 SF
Income Producing 5-Building Mill Complex k/a Stevens Mills on 14.8+/- Ac. Selling Absolute to the Highest Bidder above $500,000 RE Tax Assess: $2,414,100 Rental Income: Includes lease of tenant owned billboard at Rt. 24 Parcel IDs: Plat E-27 Lots 2, 5, 6, 11, 12 Zoning: CMD Nat. Reg. Historic Places: Part of Quequechan Valley Mills Historic District Road Frontage: 625.37+/- ft. on Omaha St. Visual Site Frontage: 1,408.79+/- ft. Rt. 24, 140.18+/- ft. Brayton Ave. Parking: Ample Complex Bldg. Area: 236,679+/- GSF per client or 176,339+/- sf. fin. area per Assessor Buildings: 1-story mixed construction of 4 joined structures including a 1974 29,000+/- GSF insulated metal warehouse/manufacturing w/ office mezzanine plus (2) 6,500+/- GSF block & metal sections as well as an early 1900' s 4,800+/- GSF wood frame brick section; early 1900' s (2) 2-story wood frame brick mill buildings 1 w/ walk-out basement & 4,000 lb. 3-stop freight elevator, 1-story brick & stone boiler house; c. 1924 1-story wood frame & clapboard shed with office & storage mezzanine. All with dry sprinklers. Also includes 800+/- sf former transformer house.
Outstanding well maintained 8 unit investment property. Roof replaced 24 months ago. All units are lead free.
The Falls at Arden Mills consists of 33 units within a new 48-unit fractured waterfront condominium community. Sitting along the Nashua River, the community encompasses 7.22 +/- acres of landscaped grounds and is comprised of one (1) three-story elevatored residential building above an at-grade enclosed parking garage with resident storage (four-stories in all) and one (1) two-story clubhouse/office building. The residential building was constructed in 2007 while the office building was originally built in 1986 with the clubhouse portion of the building being added (new construction) to the existing office building in 2007. Units were initially selling between $240,000 and $305,000 before sales stalled in 2008. There are 35 now occupied and currently owned or being rented as apartments. The latest sales have been at 173,500, 170,000 and 130,000 (1 bed). There is a strong demand for additional rentals. The new owner will decided the future direction of the asset. Given the anticipated sales price, the Falls at Arden Mills is an attractive condominium exit now or in the future. Net operating income below is based upon the vacant 13 units for individual sale being rented.
NAI HUNNEMAN CAPITAL MARKETS TEAM has been exclusively retained to sell a 30-unit brick apartment complex located in Arlington, MA. The properties at 8 & 14 Dudley Street include thirty (30) studio apartment units in two (2) identical buildings. The property contains off-street parking for 30+ vehicles. The buildings and units were renovated following the current owners acquisition in 2008. In addition to the apartment rental income, the owners collect storage income from seven large storage containers located on the property. They also collect laundry and interior storage income.
NAI HUNNEMAN CAPITAL MARKETS TEAM has been exclusively retained to sell a 16-unit apartment building located a 392 Essex Street in Salem, MA. The apartment building has eight (8) 1-bed units and eight studio units featuring a variety of layouts including some with lofts. The building was extensively renovated in the late 1990' s with new kitchens and baths, upgrades to the systems,roof, sprinklers, and more. 392 Essex Street is located on a 9,240 ± SF lot that includes off-street parking for 10 vehicles. 392 Essex Street is fully occupied with all tenants under lease. Future upside potential exists by increasing below market rents. A proforma rent roll enclosed shows the existing income and future upside potential. The building is fortunate to be very well-located in the historic McIntire district of Salem. This investment property represents an excellent opportunity for investors to acquire a stabilized apartment building with upside in an excellent location. 392 Essex Street is available for immediate acquisition with an ASKING PRICE OF $2,275,000.
This property is a four family house that is 100% rented. Three of the apartments are tenant at will and one of the apartments have leases that expire in Spring of 2016. The rents are all below market rate. There is laundry and storage in basement. The Tenants pay for their own heat, hot water, and electric. Landlord pays for water and sewer. There is possibility for adding more apartments in basement. The basement has three points of egress , windows ,and its own entrance from the street.
The property consist of two parcels of land. The first parcel has a four family house fully rented (tenant-at-will). The rents are all approximately 20% below market rates. There is storage and laundry in basement. Tenants pay their own electric and heat(Gas). Landlord pays common electric and hot water(gas). The property has a great location in Quincy Center with off street parking. The second parcel has a storage barn presently being rented to a contractor (tenant at-will). The property has been improved by water and sewer lines being installed off the street to edge of property.
First floor is a Hair Salon which is has a new teant signing lease at this time for $1200 mo. 2 other apartments are tenant at will $950 & $1025 mo. lots of parking and a 1+ car garage. 3 separate gas fhw furnaces, gas meters and gas water tanks. 3 separate electric panels.