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323 W 4th is a brand new ground-up construction apartment building located in one of the most sought after sections of South Boston. The property is fully-occupied and comprised of (3) four-bedroom / two-bathroom units. The apartments feature spacious open floor plans and are fully equipped with luxury appointments. The asset also includes garage parking that accommodates 4 vehicles and on-site bicycle storage. Currently, the building generates a robust $17,200 per month or $206,400 annually (5.35% Cap Rate) making it a true turn-key investment. 323 W 4th is a versatile offering that bodes well as a long term rental property or a condominium conversion play. South Boston continues to be one of New England's strongest real estate markets and investors will be able to take advantage of the tremendous rent growth and property appreciation this area continues to experience year after year.

Listed by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services

Property Details of 323 W 4th, South Boston

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