Off Market

1-5 Cortes St, Boston, MA

Boston · MA 02116

$22,000,000
Price
9
Beds
9
Baths
15108
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1910
Units: 58 Units
Lot size: 5,794 Sq.Ft Lot
Price per square foot: $1,456 / Sq.Ft
Parking: No Parking

About this home

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.

Neighborhood & Transit

1-5 Cortes St, Boston · MA 02116

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Back Bay Orange Commuter Rail 5 routes 0.17 mi
    • Foxboro Event Service
    • Framingham/Worcester Line
    • Franklin/Foxboro Line
    • Needham Line
    • Providence/Stoughton Line
  • Tufts Medical Center Orange 0.23 mi
  • Arlington Green 0.23 mi
  • Boylston Green 0.38 mi
  • Copley Green 0.41 mi
  • Chinatown Orange 0.44 mi

Price Insight

Days on Market:
303 days
Listing Price:
$22,000,000
Price per Sq.Ft:
$1,456
Tax Assessment:
$9 in 2099
Taxes:
$1 / Monthly

Home Facts

Interior Features

Bedrooms
9
Full Bathrooms
9
Half Bathrooms
0
Living Area
15,108 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
15108
Flooring
Unknown
Lead paint
None

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
5,794 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
None

Construction Details

Construction Type
Unknown
Siding
Brick
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Christopher Sower
Listing office
Cushman & Wakefield
MLS PIN #
73431804