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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
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
Walk Score ®
Very Walkable (77)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • BRIG-000000-000021-002135
  • BRIG-000000-000021-002136
Land Assessment
$982,600
Improvements Assessment
$2,769,600
Total Assessment
$3,752,200

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 32956280

  • Date on Market: 8/26/2024

  • Last Updated:

  • Address: 47 Englewood Ave, Boston, MA 02135

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