MLS Number 72194208
- Multi-Family 5+ Family - 5+ Units Up/Down
- Year Built 1965
- Bedrooms 99
This development at Riverside, a distinctive community consisting of 126 market rate units situated on 7 acres in Newton, Massachusetts. The site features 8 separate brick buildings with a mix of studios, one bedrooms and two bedroom apartments. Additionally, this irreplaceable asset offers residents ample parking with roughly 160 spaces and is strategically situated directly across the street from the Green Line Riverside MBTA station. This site presents investors with unprecedented value-add opportunity in one of the highest barrier to entry markets nationally. The development showcases a truly unmatched location and not only is the property near the Mass Pike (I-90) and Route 128 (I-95) interchange, but the Riverside Green Line MBTA station is steps away, 0.2 miles and a 4 minute walk specifically. This advantageously located asset provides residents incredible access to local submarket amenities and deep employer base.
Listed by Jason Weissman and Kevin Benzinger of Boston Lofts
Listing Sold by Boston Lofts
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Est. Mortgage: $/month
Federal 30-year interest rate: 4.53% last updated on 2018-08-16
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