408 James Street

For sale is a six-story 175 unit apartment building with off-street parking. The property currently consists of 175 units, comprised of a mix of traditional residential apartments and SRO units, with the majority being SRO units that feature shared kitchens and bathrooms. By converting the building to 94 conventional residential units presents a strong value-add and long-term stabilization strategy. Building is fully sprinklered with a dissolvable ceiling so you can't see them. Well protected with security cameras, emergency doors with alarms, fob access, and there is an alarm system for the sprinklers. Additional parcels involved in sale 106 Burnet Ave; Tax Map: 103.-08-02.1 an off-street surface parking lot with 30 spaces.