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    16 Laurel Street

    Everett, MA 02149
    • $14,000,000
    • STATUS: Active
    • MLS #: 72769444
    $14,000,000
    • 48
      BEDS
    • N/A
      ACRES
    • 48
      BATHS
    • 0
      1/2 BATHS
    • 24,509
      SQFT
    • $571
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Christopher Sower of Colliers International.

    Description

    16 Laurel is a 26-unit, newly constructed luxury apartment community located in Everett, MA. The recently developed building consists of an ideal mix of 1 and 2-bedroom upscale apartment units. The property is ideally located within an Opportunity Zone allowing for investors with capital gains tax liabilities to receive favorable tax treatment. 16 Laurel is located approx. 4 miles from downtown Boston and less than a mile from Everetts emerging "Lower Broadway corridor, which is home to the recently opened Encore Boston Harbor Resort and Casino, one of Greater Bostons largest employers (5,500 employees). This transit-oriented site offers convenient accessibility with a bus station only steps away at the corner of Main and Tileston, providing direct routes to the MBTA Orange Lines Wellington Station and Sullivan Station. 16 Laurel is also near Assembly Row which contains 1.6 million SF of office/lab space in addition to multifamily, lodging, and 500,000 SF of retail/entertainment.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-03-09T00:06:51.543.
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    16 Laurel Street Everett, MA 02149

    • Price: $14,000,000
    • Status: Active
    • MLS #: 72769444
    48
    Beds
    48
    Baths
    0
    ½ Baths
    N/A
    Acres
    24,509
    SQFT
    $571
    $/SQFT
    2020
    Built
    Neighborhood:
    Other
    County:
    Middlesex
    Area:
    Other
    Property Description
    16 Laurel is a 26-unit, newly constructed luxury apartment community located in Everett, MA. The recently developed building consists of an ideal mix of 1 and 2-bedroom upscale apartment units. The property is ideally located within an Opportunity Zone allowing for investors with capital gains tax liabilities to receive favorable tax treatment. 16 Laurel is located approx. 4 miles from downtown Boston and less than a mile from Everetts emerging "Lower Broadway corridor, which is home to the recently opened Encore Boston Harbor Resort and Casino, one of Greater Bostons largest employers (5,500 employees). This transit-oriented site offers convenient accessibility with a bus station only steps away at the corner of Main and Tileston, providing direct routes to the MBTA Orange Lines Wellington Station and Sullivan Station. 16 Laurel is also near Assembly Row which contains 1.6 million SF of office/lab space in addition to multifamily, lodging, and 500,000 SF of retail/entertainment.
    Exterior Features

    Beachfront No Exterior Features PorchDeck Foundation Other (See Remarks) Lot Description Other (See Remarks) Parking Spaces 45 Waterfront Flag No

    Interior Features

    Appliances Common Other (See Remarks) Basement No Bedrooms Unit1 1 Bedrooms Unit2 2 Cooling Common Other (See Remarks) Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Floors Unit1 4 Floors Unit2 1 Full Baths Unit1 1 Full Baths Unit2 2 Half Baths Unit1 0 Half Baths Unit2 0 Heating Common Other (See Remarks) Interior Features Common Other (See Remarks) Levels 0 Levels Unit1 1 Levels Unit2 1 Rooms 7 Rooms Common Other (See Remarks) Rooms Unit1 3 Rooms Unit2 4

    Property Features

    Amenities Public TransportationShoppingWalk/Jog TrailsBike PathHighway AccessT-StationUniversity Apod Available No Assessments 1170000.00 Disclosure No Expenses Source Pro. Forma Available Gross Operating Income 822560 Lead Paint None Lease Unit1 Y Lease Unit2 Y Lender Owned No Lot 134 & Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 642880 Rent Unit1 2395 Rent Unit2 2695 Sewer Other (See Remarks) Short Sale Lender App Required No Sq Ft Source Measured Tax Year 2020 Taxes 12448.00 Water Other (See Remarks) Year Built Description Actual Year Built Source Public Record Zoning 9999

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Christopher Sower of Colliers International.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-03-09T00:06:51.543.
     
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    Listing courtesy of Christopher Sower of Colliers International.