$2,199,000
0.16
Acres
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Property Description
Excellent opportunity to acquire a fully leased, income-producing retail property along Blue Hill Avenue in Mattapan. This approximately 7,000 SF, two-story commercial building is 100% occupied by multiple tenants and generates approximately $205,572 in annual NNN income, or $17,131 per month. Offered at $2,199,000, the property delivers an attractive approximately 9.35% capitalization rate, providing a new owner with immediate cash flow and an established income stream from day one.Located along one of Mattapan’s primary commercial corridors, this stabilized investment offers a compelling combination of full occupancy, multiple income streams, NNN tenancy, and strong in-place yield. The property is well suited for investors seeking a passive-income commercial asset with Boston real estate exposure and the benefit of established tenancy in a well-known neighborhood.
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Highlights
- Property Class: Commercial Sale
- Status: Active
- Year Built: 1900
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Additional Details
- Zoning: commercial
- Zoning Description: Legal Conforming
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Fees / Taxes
- Tax Year: 2024
- Taxes: $24,196
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Listing information provided courtesy of Venture Point Commercial Advisors LLC.
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