597 Gallivan Blvd, Boston, MA 02124

SMALL DEVELOPMENT OPPORTUNITY This property currently is a tax exempt property that needs extensive renovation, The owner will not sell, but is offering a below market, long-term lease to a leaseholder who had the capacity to renovate and create a very comfortable cash flow. Existing condition includes 2 apartments. There is potential for rezoning to a 2-fam. Leaseholder would be responsible for all permitting, renovation costs, insurance, and all utilities. Owners will offer a long term lease of between 10-20 years to allow recapture of renovation costs as well as profit. This is an unusual offering but the numbers work.