678 Massachusetts Ave

Exciting 4 unit,5 story,4468SF condo conversion opportunity in vibrant &sought after South End.A steal at this bargain price of only $448/SF.Why paid premium for a building that still needs to be gutted when this building is currently vacant,gutted&ready for construction/conversion right away?New condos in the area are selling at around $700/SF,so after renovation,the lofty 1st floor &basement unit w/approx. 2200SF &2 GARAGE parking spaces,could potentially sell for $1.3M; 2nd, 3rd, 4th flr could be 2BR,1.5BA units&could sell for around $600K each.Total sellout could be over $3Million in total!All sprinkler plan,new renovation building plans&permits for all 4 units are on hand and ready to go.Classic Victorian brownstone w/ bowfront Living RM,high ceilings,curved stairs,hardwood floors,separate utilities,gas heat& newer windows.Potential gross rent after renovation could be as high as $162K/year-so this could also be a great rental investment too! BEST & FINAL OFFER BY THU, MAY 22 @8PM.