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This offering presents a rare opportunity to acquire a 20-unit multifamily asset in Boston’s Beacon Hill neighborhood, consisting of six studios, ten one-bedroom, and four two-bedroom units. Seven of the units have been renovated, six of them with in-unit washer/dryers, and high end finishes, leaving a clear value-add opportunity through renovating the remaining units. Heating is forced hot water; one boiler, approximately 5 years old, and the building has a centrally monitored fire alarm. The property is a short walk from the Massachusetts State House, Cambridge Street and Massachusetts General Hospital, one of the region’s largest employers, and to both the Red Line (Charles/MGH) and Green Line (Government Center) MBTA stations, giving residents easy access to downtown, Cambridge, and the greater Boston area. A deep employer base nearby, including MGH, the State House, Government Center, and the Financial District, supports consistent rental demand, and residents also have the shops, restaurants, and amenities of Charles Street and the West End close by. With in-place income, a proven value-add business plan and meaningful upside, this property is an attractive investment in one of Boston’s most desirable and supply-constrained submarkets.

Property Details of 44-44A Joy Street, Beacon Hill

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Listed by Kevin Benzinger of Boston Realty Advisors

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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