Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale the Williams Street Portfolio, a three-building, nine-unit rental portfolio of brownstones in the Lower Roxbury neighborhood of Boston. In addition to the rental units, the portfolio also includes a two-unit development site totaling 4,000 square feet. The newly renovated portfolio lies just east of Northeastern University, within walking distance of both the Orange line and Commuter Rail stations and has easy access to the Interstate 93 on-ramp. The sale represents an extraordinary opportunity to invest in a unique product ideally located between Boston’s excellent intermodal public transportation lines near some of the city’s largest employment, education and entertainment hubs including, Longwood Medical Area, Northeastern University, the South End and Fenway Park.
There’s been significant spillover of college students from Mission Hill and the Fenway in recent years, and Roxbury has become increasingly popular with young professionals and families who are attracted to the neighborhood’s diversity, exquisite array of architectural history and price tags slightly less painful than in other areas of the city. Roxbury is filled with lush community gardens and bustling green spaces like Malcolm X Park, where summer basketball tournaments are veritable family reunions, and Highland Park, with its landmark Fort Hill Tower surrounded by weeping willow trees.
The Williams Street Portfolio is being offered on a free and clear basis, offering investors stabilized cash yields as well as development potential in one of Boston’s quickly evolving submarkets. To learn more about these apartment properties for sale or other commercial real estate listings in and around Boston and the Northeast, please contact Adam Dunn, Michael Restivo or Kellie Coveney in HFF’s Boston office. To view HFF’s current real estate investment sales listings, please click here.