Evergreen Property Group identified and purchased 35 North Margin, a North End apartment building, in late 2010. It represented the opportunity to buy an excellent property that could benefit from rehab and capital improvements in a top Boston neighborhood.
The building itself dated to the turn of the 19th century–tenement-style, and approximately 6,900 SF, the building offered 10 apartments on five floors. While the rent roll was strong for the quality of the apartments, EPG saw opportunity in reconfiguring and refinishing the existing units in order to maximize bedroom count and provide enhanced finishes in an efficient foot print. The team oversaw the acquisition of the building, its management, and construction of the new units, selling the repositioned project in Summer 2012.