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If you own a Multi-family property in South Boston you probably know by now that you're sitting on gold. No matter the condition, multi-families in South Boston are highly sought after in order to be redeveloped and converted into condominiums for sale or for rent. Sell out costs on new construction condos can reach as high as $750-$800 per square foot and the average rental rate for a 2-bedroom apartment has hit $3,150/month. (Data from MLSpin, 2019 statistics)
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