Everyone wants a piece of the South Boston real estate market, especially those seeking out properties with lots of upside development potential. However, it's become increasingly more difficult in South Boston to squeeze every last ounce of potential out of the property in order to maximize your return. As a result, the biggest risk for buyers/developers is getting the proposed project approved.
With that said, buying an approved project has become, in some cases, a more attractive option for some buyers looking to get into the South Boston real estate market. The two projects we describe here have been considerably de-risked and the purchase price includes building approvals, the lot and it's existing structures, and a full set of architectural plans.
605 East 6th Street South Boston, MA 02127 Approvals = 3 units
Situated on the block of East 6th and L Street, this is a trophy property!
Unit 1 = 3-bed + Office (~2,000 SF)
Unit 2 = 3-bed (~1,200 SF) Unit 3 = 3-bed w/ roof rights (~1,200 SF) Off-street parking = 5 spots
Asking Price: Email to inquire at Hello@jrassociates.co
411 East 3rd Street South Boston, MA 02127
Approvals = 4-units
Situated on the block of East 3rd and G Street, this is centrally located and a highly desirable location.
Unit 1 = 2-bed (~975 SF)
Unit 2 = 2-bed (~1,300 SF) Unit 3 = 2-bed (~1,300 SF) Unit 4 = 2-bed (~1,650 SF) Off-street parking = 6 spots
Asking Price: Email to inquire at Hello@jrassociates.co
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