Brand new to market is this South Boston investment property listed by the Vineburgh Dimella team. Rare opportunity to complete an almost shell condition 3 family in the emerging City Point neighborhood. Close to both the Seaport, and Southie’s Broadway Hub, this property is a phenomenal asset to acquire. A potential condo conversion, or trophy cash flow property with a +-2,100 SQFT 4-5 bed/3 bath 1st/garden duplex and TWO +-1,125 SQFT 3-4 bed/2 bath units, all with over sized private decks, and roof deck potential for the Penthouse. Adjacent projects selling at $650-850/SQFT and this property projects at an all in fully renovated $385/SQFT. Great long term buy and hold or flip opportunity.
Learn more by going to 28p.charlesgaterealty.com
About South Boston:
South Boston, or “Southie” was previously a largely Irish Catholic community. In recent years it has become more and more desirable among young professionals and families, and understandably so, as the draw of the neighborhood’s strong sense of community and easy access to downtown is undeniable. South Boston spreads across a peninsula just south of Downtown Boston and east of the South End and Dorchester, boasting lovely beaches and waterfront parks. The scenic South Boston Waterfront is up and coming as Boston’s newest hot neighborhood. Already home to the Boston Convention and Exhibition Center, planned development for the Waterfront includes residential, office, retail, and hotel use. The Institute of Contemporary Art, stands as an iconic symbol of the South Boston Waterfront’s endless potential. Despite the recent neighborhood updates, the spirit of old-time-Southie is still alive and evident in the traditions that are carried on to this day.