88 Wareham Street in Boston

Name: Sales in 88 Wareham Street started!
Start: 2020-07-29T12:54:39.809118+00:00
End: 2023-12-31T23:59:59+0000
Location: 88 Wareham Street

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Project info

Object ID: 8318

Finished at	May 2019
Price, m²	From 7280$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 96.00 m²
Floors	6
Apartments	27
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations East Berkeley Street 2 min Union Park Street 2 min Herald Street 3 min Tufts Medical/Center 5 min Tufts Medical Center 5 min Boylston 5 min Arlington 6 min Chinatown 7 min Newton Street 7 min Park Street 8 min Charles/MGH 8 min Worcester Square 9 min Downtown Crossing 9 min Bowdoin 9 min Back Bay 10 min Science Park 10 min Andrew 11 min Massachusetts Avenue 11 min North Station 11 min Broadway–/City Hall 11 min Government/Center 11 min Government Center 11 min Copley 12 min State 12 min Community College 12 min Haymarket 13 min Lenox Street 13 min South Station 14 min South/Station 14 min Fields Corner 15 min Prudential 15 min Melnea Cass 15 min Lechmere 16 min Shawmut 16 min JFK/UMass 17 min Mass Ave 18 min Aquarium 18 min Savin Hill 18 min Dudley Square 18 min Sullivan Square 19 min Ashmont 19 min Symphony 19 min
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

698,880$

Net profit

9,376$

Payback period

59.5 years

Avg property value increase per year

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About the project

88 Wareham is a boutique collection of luxury 1 and 2 bedroom condominium residences for sale in the SoWa District. Designed by Brian Healy Architects, 88W offers 27 new homes with crafted finishes, a landscaped rooftop terrace, and a fully automated parking system by 5BY2, all surrounded by the cultured sophistication of Boston’s South End.