1-5 Cortes Street Active Save Request In-Person Tour Request Virtual Tour
Boston,MA 02116
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
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
Interior
Fireplaces Number 18
Exterior
Roof Type Rubber
Building
Lot Description Other
Story 18
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public