The Starboard Portfolio - Rare Opportunity to Purchase a Fully Leased Luxury Condominium Portfolio in the Charlestown Navy Yard. The Starboard was built in 2015 in one of Boston's most desirable neighborhoods. The Portfolio consists of four (4) fully occupied condominium units within a 54 Unit building, with rental upside on turnover. Stable asset, surrounded by Meds & Eds, ideal investment. Owner open to selling all or part of portfolio which consists of three, 1-Bedroom plus Den units, currently being rented as 2-Bedrooms, and a large 1-Bedroom unit. All run approximately 850SF, boasting 9.0' - 9.5’ ceilings, open floor plans, kitchens with white quartz , Bosch appliances, gas cooktop, electric oven, in-unit Bosch washer/dryer, large plank walnut floors, 7’ windows, 8’ walnut unit entry doors, central a/c, gas heat, elevator building, concierge, secure bike room, professionally managed and pet friendly. Parking either on street with resident permit or garage rental for $240/mo.
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Last Updated: May 6th, 2024 at 11:50pm
Walk/jog Trails
Highway Access
Shopping
Park
Bike Path
Public Transportation
T-station
Pool
Tennis Court(s)
General Information for 45 First Avenue, Boston, Massachusetts 02129
Property TypeResidential Income
Property Sub TypeMulti Family
Price$2,700,000
Price per sqft$794.12
MLS #73050371
Handicap Access / FeaturesNo
List Date2022-10-20
Special Listing Conditions
StateMassachusetts
Street NameFirst Avenue
CityBoston
Zip Code02129
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total3400
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress45 First Avenue, Boston MA 02129
Zoning
Interior Features for 45 First Avenue, Boston, Massachusetts 02129
* Approx. Living Area Total3,400 sq ft
Living Area Includes BasementNo
Bedrooms8
* # Fireplaces0
Bathrooms (Total)4
Full Baths4
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure+/-
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)Charlestown's Navy Yard
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_31
MLSPIN_BEDRMS_42
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_41
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate26/01/2023
Exterior Features for 45 First Avenue, Boston, Massachusetts 02129
* Approximate Lot Size0.35 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces4
* Sewer Utilities
* Water Utilities
* Year Built2015
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)15,362 Sqft
Disclosures for 45 First Avenue, Boston, Massachusetts 02129
Buyer Agent Compensation2
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONGross/full Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure+/-
Living Area Includes BasementNo
Facilitator Compensation2
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 45 First Avenue, Boston, Massachusetts 02129
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$142,800
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12900
MLSPIN_RENT23100
MLSPIN_RENT32800
MLSPIN_RENT43100
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$87,951
OperatingExpense$0
OriginalListPrice$2,700,000
RENT_FEE_INCLUDES
TOTAL_RENT11900
WaterSewerExpense$0
Lifestyle Information for 45 First Avenue, Boston, Massachusetts 02129
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 45 First Avenue, Boston, Massachusetts 02129
Elementary School
Middle School
High School
NumberOfUnitsTotal4
Marketing History for 45 First Avenue, Boston, Massachusetts 02129
MLSPIN_MARKET_TIME_BROKER98
MLSPIN_MARKET_TIME_PROPERTY98
PurchaseContractDate
Agent Information for 45 First Avenue, Boston, Massachusetts 02129