47 Englewood Ave
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47 Englewood Ave
6 Unit Apartment Building $4,295,000 ($715,833/Unit) 5.76% Cap Rate Boston, MA 02135
Investment Highlights
- Desirable Asset with Rent Growth
- Transit Oriented Location
- Dynamic Brighton Location
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 47 Englewood Avenue in Brighton, Massachusetts (the “Property”). Located in Brighton’s Cleveland Circle neighborhood, 47 Englewood Avenue offers convenient access to Cambridge, Downtown Boston, both Boston College and Boston University, several T Stations (Green Line – Englewood Avenue Station 0.1-miles & Chestnut Hill Avenue & Reservoir Station 0.3 Miles) and the Boston Landing MBTA Station (Framingham/Worcester Line). Adding to the area’s appeal is the proximity to schools, highways, entertainment venues, retailers, and restaurants. 47 Englewood Avenue offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth. 47 Englewood Avenue consists of a four-story building with six (6) residential units comprised of three (3) 3-Bedroom/2-Bathroom units and three (3) 2-Bedroom/1-Bathroom units with 6,168 square feet of living area in 8,224 square feet of gross area, on a 0.08-acre parcel. The building was completely renovated in 2022 and features condo quality finishes throughout. The units feature newer kitchens and bathrooms with stainless steel appliances, white cabinets with tile backsplashes, quartz countertops, dishwashers, hardwood and tile floors throughout, upgraded bathrooms with high end finishes, digital programmable thermostats, crown molding, central air-conditioning, and in-unit washers and dryers. Additionally, the building features covered porches for three of the units and is separately metered for electricity, heat & air-conditioning, hot water (tankless), and domestic water and sewer.
Property Facts
Price | $4,295,000 | Building Class | B |
Price Per Unit | $715,833 | Lot Size | 0.08 AC |
Sale Type | Investment | Building Size | 8,224 SF |
Cap Rate | 5.76% | Average Occupancy | 100% |
No. Units | 6 | No. Stories | 4 |
Property Type | Multifamily | Year Built/Renovated | 1910/2022 |
Property Subtype | Apartment | Parking Ratio | 0.61/1,000 SF |
Apartment Style | Mid Rise |
Price | $4,295,000 |
Price Per Unit | $715,833 |
Sale Type | Investment |
Cap Rate | 5.76% |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.08 AC |
Building Size | 8,224 SF |
Average Occupancy | 100% |
No. Stories | 4 |
Year Built/Renovated | 1910/2022 |
Parking Ratio | 0.61/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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Walk Score ®
Very Walkable (77)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $2,769,600 | |
Land Assessment | $982,600 | Total Assessment | $3,752,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$982,600
Improvements Assessment
$2,769,600
Total Assessment
$3,752,200
zoning
Zoning Code | C (Commercial) |
C (Commercial) |
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47 Englewood Ave
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