Description
Now offered at $3,095,000. Prime Mission Hill mixed-use investment, corner lot steps to the Longwood Medical Area (LMA) & universities. This fully stabilized 6-unit asset generates $186,694 in NOI, offered at a compelling 6.0% CAP RATE. The commercial income is de-risked by two long-term leases with contractual rent escalations. The anchor market tenant’s lease is extended to 2031 and includes a tax-stop clause, protecting ownership from future expense growth. Significant upside exists via strategic residential renovations to attract high-income LMA professionals from the new lab facility next door. Future potential to add a premium roof deck with skyline views (full stair/headhouse access in place). A proven cash-flow performer in an A+ transit-oriented location. Full Offering Memorandum available upon request. Do not disturb tenants. Showings by appointment only.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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4,740SQFT
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$653$/SQFT
School Ratings & Info
Description
Now offered at $3,095,000. Prime Mission Hill mixed-use investment, corner lot steps to the Longwood Medical Area (LMA) & universities. This fully stabilized 6-unit asset generates $186,694 in NOI, offered at a compelling 6.0% CAP RATE. The commercial income is de-risked by two long-term leases with contractual rent escalations. The anchor market tenant’s lease is extended to 2031 and includes a tax-stop clause, protecting ownership from future expense growth. Significant upside exists via strategic residential renovations to attract high-income LMA professionals from the new lab facility next door. Future potential to add a premium roof deck with skyline views (full stair/headhouse access in place). A proven cash-flow performer in an A+ transit-oriented location. Full Offering Memorandum available upon request. Do not disturb tenants. Showings by appointment only.
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