Off-Market Condo at 3 Avery St, Boston, MA 02111
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3 Avery St, Boston, MA 02111

Unit - #606

$849,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $286 per day and long-term for an average of $5,441 per month, based on similar listings in the area. Estimated short-term cap rate of -0.7%. Estimated long-term cap rate of -3.0%. Live in luxury at the Ritz-Carlton Residences in this grand two bedroom, two full bath unit. Dramatic floor to ceiling windows bathe the open concept living/dining area in natural light and offer city views. The galley kitchen is equipped with stainless steel appliances, a subzero refrigerator, new Bosch dishwasher and gas range. Brazilian hardwood floors throughout, central A/C, bathrooms adorned with marble counters and tiles, abundance of storage and primary bedroom with en-suite bath. Enjoy the benefits of full-service 24-hour concierge and security, uniformed doorman attendants, easy access to the renowned Equinox Fitness Club, library, media room and social room for catered affairs. Rental garage self parking available across the street. Convenient to theaters, restaurants, shops, Boston Common, MBTA, and all that downtown Boston has to offer.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$2348
Rental Policy
daily
Yearly Taxes
$8706
Bedrooms
2
Bathrooms
2
SQFT
1,276
Furnished
N/A
Year built
2004
Listing Status
Off Market
MLS
73350959

Short-term Rental Potential
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$85,452

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$665

Price/SQFT

Long-term Rental Potential
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$65,292

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$5,441/mo

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