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$ 6,495,000
Est. payment /mo
New
88 Charles Boston, MA 02114
2 Beds
9 Baths
4,590 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,590 sqft
Price per Sqft $1,415
MLS Listing ID 73592727
Bedrooms 2
Full Baths 9
Year Built 1899
Annual Tax Amount $37,210
Tax Year 2027
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type 5-9 Family
Property Description
The Bancroft is a luxury 10-unit brick apartment building with premium street-level retail, located in the heart of Boston's historic Beacon Hill neighborhood. Six-story building features nine residential apartments and one retail suite. Fully renovated and 100% leased, the property generates strong annual income and offers investors an attractive combination of a premier location, high-end finishes, stable in-place cash flow, and future upside potential. Perfect wealth asset for 1031 exchange and long term hold. 88 Charles Street has been thoughtfully renovated and transformed into one of the premier residential rental properties on Charles Street. The unit mix includes eight studio apartments and one duplex two-bedroom apartment. The property also benefits from two valuable off-street parking spaces and a private outdoor patio area at the rear of the building, adjacent to Mt. Vernon Square.
Location
State MA
County Suffolk
Zoning RC
Direction Location along Charles Street in the heart of Beacon Hill
Rooms
Basement Partially Finished
Interior
Fireplaces Number 9
Exterior
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story 6
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Carl Christie