246-254 Bremen St. East Boston, MA

Investment Summary

Logan Apartments is a 3 property portfolio located in East Boston. The portfolio is comprised of (1) three-family building, (1) two-family building, and a 4,000 square foot vacant lot in the middle. Airport Station on the MBTA Blue Line is located only 600 feet away. The portfolio has significant upside by building on the vacant lot and increasing current apartment rents to market levels. East Boston has seen massive development with over 2,000 new apartment units completed within the past 5 years. Another 10,000 units are currently under development and will be delivered in the next few years. Slip65 Condominiums sold all 80 units in under two months.

In recent years, East Boston has become home to a wave of young professionals seeking residence in Boston in newly renovated condominiums along Jeffries Point, Maverick Square, and the Eagle Hill Waterfront. East Boston has several Blue Line stations and has quick access into Boston through the Ted Williams Tunnel located nearby.

Area Map

Property Details

246-254 Bremen St. East Boston, MA

$2,100,000

12,500 SF

8,000 SF Lot

24 Units

OFFERING MEMORANDUM

Agent Contact

Evan Griffith

(617) 896-7221

evan.griffith@marcusmillichap.com

Tony Pepdjonovic

(617) 896-7277

tony.pepdjonovic@marcusmillichap.com

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