$1,449,000
11
Beds
3
Baths
3,581
Living Area
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Property Description
Strong cash-flowing investment opportunity in the Mount Bowdoin/Grove Hall neighborhood. Current 7.9 cap rate with gross annual rental income of ~$130,000 and long-term tenants in place. Units can be delivered vacant, or with leases through July 2027. Property features separately metered gas and electric, lead compliance certificates, washer/dryer hookups for each unit in the basement, and a driveway for off-street parking. A few doors down from the charming Barry Street community garden. Recent development in the area include a condo development on abutting property at 52 Bellevue Street, and upcoming proposed 14 unit new development just a few doors down at 427 Quincy Street. Unique Value Proposition: Potential to add a fourth unit, offering additional upside for investors.
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Highlights
- Area: Dorchester
- Parking Spots: 3
- Property Type: 3 Family
- Total Rooms: 17
- Status: Active
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1900
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Additional Details
- Basement: Unfinished
- Foundation: Stone
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Construction: Frame
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Res
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Amenities
- Community Features: Public Transportation, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
-
Fees / Taxes
- Assessed Value: $1,065,000
- Taxes: $13,206
- Tax Year: 2026
- Total Rent: $10,740
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