CCertihomes
768 - 772 Tremont Street, Boston, MA 02118

$5,250,000

0 beds 0 baths 38 days on marketActive

About this home

Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A – 1444 sqft, Unit B – 902 sqft. 2nd floor: Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 3rd floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 4th floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$35,867/mo

Real estate (PITI + HOA + PMI)
$36,410
Principal + interest$23,811
Property tax + insurance$10,630
PMI / 2nd mortgage$1,969
Utilities
$2,394
Heating + cooling$1,035
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$125
Car insurance + maintenance$125
Other (entertainment)
$158
$35,867/mo TLC
Budget$36,367/mo
Remaining after TLC$500/mo
Purchase price
$5,250,000
Down payment
$262,500 (5%)
Loan amount
$4,987,500
APR
4%

Quick facts

Type
LOT
Style
Year built
Lot size
0.09 ac
Stories
0
Heating
Cooling
Water
Public
HOA
Annual tax
$36,674
MLS #
73142106
County
Suffolk

Home features

Community
Public TransportationShoppingParkMedical FacilityHighway AccessT-StationUniversitySidewalks
Sewer
Public Sewer

Lot features

Level, Corner Lot

Neighborhood — 02118

MetricThis ZIPCountyUSA
Population20,3136,444,931299,088,112
Population Change Since19900.00%7.00%20.00%
Population Density18,437786
Male11,4503,127,134147,432,321
Female8,8633,317,797151,655,844
Never Married9,7891,612,88563,775,926
Married3,7122,586,314123,120,365
Separated1,858247,85712,639,686
Widowed928363,59415,467,586
Divorced1,429436,88823,075,029
Number Of House Hold9,7502,431,591111,826,380
Average House Hold Size1.892.562.60
Medial Age35.1337.2535.46
Median House Hold Income$38,803$57,698$48,276
Average House Hold Income$66,623$75,023$63,629
P C I$34,837$29,196$24,529
M D I$34,022$48,105$41,133
A T H E$52,128$57,083$50,898
S T R5.00%5.00%
W C J82.77%81.38%77.74%
(Zip) Code
2118

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 7/29/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.