32 Park Vale Ave - Apartments FOR SALE


Boston, MA 02134
$4,500,000 USD
617-457-3266
32 Park Vale Ave, Boston, MA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

32 Park Vale Ave
Boston, MA 02134


HIGHLIGHTS

  • Stable Cash Flow with Upside
  • Excellent Location in Allston - transit oriented, walk to the T
  • Recent capital improvements

OVERVIEW

Hunneman has available for sale an 8-unit brick apartment building located in Allston, MA. 32 Park Vale Avenue is located off Brighton Avenue in the Allston neighborhood of Boston. The three-story brick building contains eight (8) apartment units. The unit mix includes four (4) large 4-bed / 2-bath apartments, two (2) 2-bed / 1-bath units, and two (2) 1-bed / 1-bath units. The apartments are fully leased, generating cash flow for the September 2024 – August 2025 rental cycle. The owner has recently upgraded several units, enhancing their appeal. Potential for future rental growth and reduced operating expenses presents opportunities to increase income. This building boasts a strong historical occupancy rate thanks to its prime location in Allston. 32 Park Vale Avenue is an excellent option for a long-term investment hold. This offering is available free and clear of debt with a formal asking price of $4,500,000. There is currently no Call for Offers date. Offers are welcomed and can be considered at any time on a rolling basis.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$460 USD /SF

# OF UNITS

8

PRICE/UNIT

$562,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-UNIT MULTIFAMILY - 2% TO COBROKERS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,065 SF

ZONING

MFR-1, Allston

APN/PARCEL ID

ALLS-000000-000021-000904

ASK ABOUT THIS PROPERTY

Dan McGeeHunnemanMore Info
617-457-3266

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Dan McGeeHunnemanMore Info
617-457-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.