Property Description

This fantastic South Boston mixed use property on corner of Dorchester St and E 4th St is being offered at a 6 Cap, with year 2 pro forma at just under 6.25. Steps to the corner of East/West Broadway this building is in the center of everything SB has to offer. The property boasts just under 7,200 gross sqft. First floor commercial is leased for 3 years at $4500, $4650, and $4800. Rear of first floor and basement currently being utilized by owner for storage. Would like to leaseback for $500/mo. The second and third floors are nearly identical. Updated 1700 sqft four BR two BA with living room, dining room and eat in kitchen. All of the rooms are large, have ceiling fans and with the corner exposure get sun all day long. Both residential units have their own laundry room and brand new mini splits installed for heat/ac. Commercial space has forced hot air by gas for heat/ac, two years young. Exquisite city views from roof for someone willing to go through the process to get approval for a roof deck down the road. Commercial tenant will be pursuing upgrades to first floor facade at their own expense.