Unit Information
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.
- Additional Details
- Status: New
- Type: Multi-Family, Triplex
- Area: Dorchester
- Zip Code: 02125
- Levels: 4
- Parking
- Garage Capacity: 3
- Parking: Paved,Off Street
- Parking Spaces: 3
- Rooms and Dimensions
- Total Units: 3
- Total Floors: 4
- Total Rooms: 17
- Has Basement: Yes
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$1,449,000
- Status: New
- Listing ID: 73590937
- Bedrooms: 11
- Full Baths: 3
- Living Area: 3,581 sqft Convert
- Lot Size: 3,633 sqft Convert
- Acres: 0.08
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |