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197-199 CONDOR ST, EAST BOSTON, MA – Investwithrise
Completed

197-199 CONDOR ST, EAST BOSTON, MA

acquisition price $675,000
sale price $1,575,000
net profit $550,000
sales date 07/30/2020 acquisition date 09/14/2018

Overview

This development project started with the acquisition of a single-family home in need of repair in East Boston. The Rise Capital team worked with architects and lawyers to gain approval for redevelopment into 6 new units, each with 2bd/2ba units, and 6 parking spots. The property and approved plans were an excellent shovel ready opportunity for a developer to take over.

 

The property and plans were sold by Rise Realty in July 2020.

 

 

 

Location

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Rise Capital continuously searches for new investment avenues, so come invest with us today!