A Total of Nine Condo-quality Residences in an Amenity-rich Neighborhood
April 28, 2022 – By Tom Palmer
BOSTON – Boston Realty Advisors, the largest Boston-based independent real estate brokerage, is exclusively representing the owners of 78-80 Rossmore Road and 189 Chestnut Ave., two turnkey multifamily residences in the amenity-rich Boston neighborhood of Jamaica Plain.
The properties for sale are a three-bedroom, two-bathroom building with driveway parking and a building with six two-bedroom, one-bathroom units with off-street parking. Both buildings are of condominium quality.
Both 78-80 Rossmore Road and 189 Chestnut Ave. were redeveloped over the past five years and offer tenants a high-quality units in a consistently desirable submarket of Boston.
“The portfolio offers investors the opportunity to increase rents from the low in-place pandemic era rates,” said Kevin Benzinger, Director of Boston Realty Advisors. “The properties can be purchased as a portfolio or on an individual basis.” Tours are being conducted, with a call to offer to follow.
The property at 78-80 Rossmore Road is a total of 4,780 square feet. Green Street access on the MBTA’s Orange Line is less than a 15-minute walk away.
The 189 Chestnut St. property is 7,664 square feet. It is four-minute walk to the MBTA’s Orange Line, and both properties are also served by MBTA bus routes.
The properties have been extensively renovated and well maintained. Major improvements have been made to mechanical equipment and the base building.
Jamaica plain features a liberal quantity of amenities, with quick access to the Arboretum, Franklin Park Zoo, restaurants, cafes and shops.
“As the urban environment emerges from the pandemic of the last couple of years, rental demand and increases have been exciting,” said Benzinger. “The market has seen increases of between 7 and 20 percent in recent months. As Boston continues to grow, rental demand and upward trajectory will follow.”Tags: andrew herald, Boston Commercial Real Estate, Boston Commercial Real Estate News, Daniel Dewing, Jamaica Plain, Jason Weissman, Kevin Benzinger, Multifamily, Nick Herz, Ryan McDonald