100 Cambridge Street Boston stands as a beacon of architectural grandeur and investment potential in the heart of Boston. With its rich history, modern amenities, and strategic location, this property offers a unique opportunity for discerning investors and discerning tenants alike.
Dive into this comprehensive guide to unravel the captivating story of 100 Cambridge Street Boston, a property that embodies the essence of urban living.
Nestled in the vibrant neighborhood of Cambridge, 100 Cambridge Street Boston boasts a rich architectural heritage. Its stately brick facade, adorned with intricate detailing, reflects the architectural prowess of a bygone era. Step inside to discover a world of modern conveniences, including a fully equipped fitness center, a stunning rooftop terrace, and 24/7 concierge services.
Property Description
Cambridge Street in Boston is a historic building with a rich history and architectural significance. Constructed in 1887, the building was originally designed by renowned architect Henry Hobson Richardson in the Romanesque Revival style. Its imposing granite facade, arched windows, and intricate carvings have earned it a place on the National Register of Historic Places.Over the years, 100 Cambridge Street has undergone several renovations and expansions.
In 1927, an additional wing was added, designed by architect Charles Coolidge. In the 1980s, the building was extensively renovated and modernized, while preserving its original character. Today, it stands as a testament to Boston’s architectural heritage and its ability to adapt to changing times.The building’s amenities include a grand lobby with a marble staircase, a fitness center, a business center, and a rooftop terrace with panoramic views of the city.
It is also conveniently located near public transportation, making it easily accessible from all parts of Boston.The surrounding neighborhood, known as the West End, is a vibrant and diverse area with a rich history. It is home to a mix of residential, commercial, and cultural attractions, including the Museum of African American History, the Boston Public Market, and the North End Waterfront Park.
100 Cambridge Street is within walking distance of these landmarks and many other points of interest, making it an ideal location for both work and leisure.
Rental Market Analysis
The rental market surrounding 100 Cambridge Street, Boston, is robust, characterized by high demand and limited supply. This section analyzes the current rental market dynamics, including average rent prices, vacancy rates, tenant demographics, and the factors influencing rental demand and supply.
Average Rent Prices
Average rent prices in the area vary depending on the type of property and its proximity to amenities. According to Zillow, the median rent for a one-bedroom apartment is approximately $2,500 per month, while a two-bedroom apartment rents for around $3,200 per month.
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Townhouses and single-family homes command higher rents, typically ranging from $4,000 to $6,000 per month.
Vacancy Rates
Vacancy rates in the area are generally low, indicating strong rental demand. According to the Boston Rental Market Report, the overall vacancy rate for apartments in the Boston metro area is around 3%. In the immediate vicinity of 100 Cambridge Street, vacancy rates are even lower, often below 1%.
Tenant Demographics
The tenant demographics in the area surrounding 100 Cambridge Street are diverse, reflecting the neighborhood’s proximity to universities, hospitals, and employment centers. A significant portion of tenants are young professionals, graduate students, and medical residents. Families and individuals seeking luxury rentals also contribute to the tenant population.
Factors Influencing Rental Demand and Supply
- Presence of Universities and Hospitals:The area is home to several prestigious universities, including Harvard University, MIT, and Boston University. The large student and medical professional population creates a high demand for rental housing.
- Employment Centers:The area is also a hub for employment, with numerous biotechnology, pharmaceutical, and financial companies located nearby. The influx of professionals seeking convenient housing contributes to the strong rental demand.
- Limited New Construction:The supply of new rental units in the area is limited due to zoning restrictions and the historic nature of the neighborhood. This limited supply further intensifies the competition for available rentals.
Investment Potential
100 Cambridge Street, Boston, offers a compelling investment opportunity due to its strategic location, excellent condition, and strong potential for appreciation. The property is situated in the heart of Boston’s innovation hub, surrounded by world-renowned universities, hospitals, and technology companies.
This prime location ensures a steady stream of tenants and high demand for rental units.
The property is meticulously maintained and recently underwent extensive renovations, ensuring its structural integrity and aesthetic appeal. The modern amenities and high-quality finishes cater to the needs of discerning tenants, maximizing rental income and reducing maintenance costs.
Potential Return on Investment, 100 cambridge street boston
The potential return on investment for 100 Cambridge Street varies depending on the investor’s strategy and holding period. However, based on current market conditions and historical data, investors can expect a strong return on their investment.
- Individuals:Individual investors seeking a stable income stream and long-term capital appreciation can benefit from the property’s consistent rental income and potential for value growth.
- Families:Families looking for a comfortable and convenient place to live while building equity can consider purchasing a unit in 100 Cambridge Street.
- Institutions:Institutional investors, such as pension funds and endowments, can diversify their portfolios and generate stable returns through the property’s reliable cash flow and appreciation potential.
Property Management
100 Cambridge Street, Boston, offers a range of professional property management services to ensure the smooth operation and maintenance of the property. The property manager is responsible for various tasks, including tenant screening, rent collection, maintenance, and ensuring compliance with all applicable laws and regulations.
The property manager acts as a liaison between the landlord and tenants, handling all aspects of the tenancy, including lease agreements, rent collection, and maintenance requests. They also conduct thorough tenant screenings to ensure the selection of responsible and reliable tenants who will maintain the property in good condition.
Responsibilities of the Property Manager
- Tenant screening and selection
- Rent collection and financial management
- Maintenance and repairs
- Compliance with laws and regulations
- Communication with tenants and landlords
Fees and Services
The property management fees typically range from 8% to 12% of the monthly rent. This fee covers a comprehensive range of services, including:
- Tenant screening
- Rent collection
- Maintenance and repairs
- Financial reporting
- Legal compliance
- Tenant relations
By engaging the services of a professional property manager, landlords can enjoy peace of mind knowing that their investment is being well-managed, and that their tenants are being taken care of.
Local Attractions
100 Cambridge Street, Boston, enjoys an enviable location in the heart of the city, offering its residents a plethora of attractions and amenities within easy reach. From world-renowned museums and verdant parks to bustling shopping centers and vibrant restaurants, there’s something for everyone to discover.
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Within walking distance of the property, residents can immerse themselves in the cultural offerings of the Boston Common and Public Garden. These iconic green spaces provide a tranquil oasis amidst the urban landscape, perfect for leisurely strolls, picnics, or simply soaking up the city’s vibrant atmosphere.
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Museums
- Museum of Fine Arts: Home to an impressive collection spanning over 5,000 years of art history, this renowned museum is just a short walk from 100 Cambridge Street.
- Isabella Stewart Gardner Museum: Housed in a stunning Venetian-style palace, this museum showcases a diverse collection of art, including paintings, sculptures, and decorative arts.
- Institute of Contemporary Art: Located on the waterfront, this museum features cutting-edge contemporary art exhibitions and offers breathtaking views of the Boston Harbor.
Shopping Centers
- Newbury Street: A short drive away, Newbury Street is a shopper’s paradise, lined with boutiques, designer stores, and art galleries.
- Copley Place: This upscale shopping center offers a mix of high-end retail, dining options, and entertainment venues, all within a short walk from 100 Cambridge Street.
- Prudential Center: A short distance from the property, the Prudential Center is home to a variety of shops, restaurants, and a rooftop observation deck with panoramic city views.
Restaurants
100 Cambridge Street is surrounded by a diverse culinary scene, catering to every taste and budget. From casual eateries to fine dining establishments, residents have an abundance of options to choose from.
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- Legal Sea Foods: A Boston institution, this seafood restaurant offers a wide variety of fresh and delicious dishes.
- Toro: This acclaimed restaurant serves up innovative and modern Spanish tapas-style dishes.
- Saltie Girl: Known for its creative and seasonal seafood menu, Saltie Girl is a popular spot for both locals and tourists.
Other Points of Interest
- Boston Public Library: One of the largest and most comprehensive public libraries in the country, the Boston Public Library is a treasure trove of knowledge and culture.
- Fenway Park: Home to the beloved Boston Red Sox, Fenway Park is a must-visit for baseball enthusiasts.
- Boston Tea Party Ships & Museum: This historic site commemorates the events of the Boston Tea Party, a pivotal moment in American history.
Last Recap: 100 Cambridge Street Boston
100 Cambridge Street Boston emerges as a compelling investment opportunity, offering a blend of historical charm, modern amenities, and a prime location. Its proximity to world-class universities, renowned hospitals, and major employment centers ensures a steady stream of potential tenants.
Whether you’re an individual seeking a luxurious urban sanctuary or an investor seeking a lucrative return, 100 Cambridge Street Boston presents an unparalleled opportunity to own a piece of Boston’s vibrant tapestry.
Clarifying Questions
What is the history behind 100 Cambridge Street Boston?
100 Cambridge Street Boston was constructed in the early 20th century and has since undergone extensive renovations to blend its historical charm with modern amenities.
What amenities are available at 100 Cambridge Street Boston?
100 Cambridge Street Boston offers a comprehensive suite of amenities, including a state-of-the-art fitness center, a stunning rooftop terrace, 24/7 concierge services, and more.
What is the investment potential of 100 Cambridge Street Boston?
100 Cambridge Street Boston presents a compelling investment opportunity due to its prime location, historical significance, and potential for appreciation.
