|
INVESTMENT HIGHLIGHTS
THE ASSET: The Property is improved by a three-story multi-family buildings with seventeen (17) residential units comprised of eleven (11), 1-Bedroom/1-Bathroom units and six (6), 2-Bedroom/1-Bathroom units with 12,528 total square feet on a 0.36-acre corner parcel of land. 27 N Franklin Street is separately metered for electricity which the tenants pay directly. The Landlord pays for common electric, gas fired heat and hot water, and domestic water and sewer. The Property features twenty (20) on-site parking spaces.
VALUE-ADD POTENTIAL: The in place residential rents are below market, the opportunity exists to increase rents to market rates via programmatic updates to the unrenovated residential units in a highly sought after and supply constrained urban infill residential market.
TRANSIT ORIENTED LOCATION: The Property is seconds from Boston Street and Western Avenue (MA Route 107), two of the area’s primary commuter and commercial corridors. The location is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Stop & Shop and CVS, and is convenient to Central Square, and North Shore Community College. Multiple MBTA bus routes, including 424, 429 and 450 stop near the Property, providing convenient local access throughout the North Shore including to the nearby Commuter Rail Stations. Commuter Rail Service to Boston is available 1 mile from the Property at the Central Square commuter rail station.
| 
