Description
Well-positioned two-family investment opportunity offering strong in-place cash flow on a quiet Dorchester side street. Fully gut-renovated prior to current ownership in 2015 and well maintained since, the property features modern systems, durable finishes, and minimal deferred maintenance. The building offers approximately 2,141 SF across two units with a total of 6 bedrooms and 3 bathrooms. Unit mix includes one 4-bedroom/2-bath unit and one 2-bedroom/1-bath unit. Current rents total $6,335/month ($76,020 annually), producing an estimated NOI of $60,760 and an attractive ~7.6% cap rate at the $799,000 asking price. Landlord responsibilities are limited to common electric, water/sewer, insurance, taxes, and routine maintenance. Strong income, updated condition, and consistent rental demand make this a stable long-term hold. First group showing: Saturday, January 24th, 11:30 AM–1:00 PM. Offer deadline Tuesday, January 27th at 12:00 PM (Make offer good until 1/27/25 4 PM)
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6BEDS
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0.07ACRES
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3BATHS
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01/2 BATHS
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2,141SQFT
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$373$/SQFT
School Ratings & Info
Description
Well-positioned two-family investment opportunity offering strong in-place cash flow on a quiet Dorchester side street. Fully gut-renovated prior to current ownership in 2015 and well maintained since, the property features modern systems, durable finishes, and minimal deferred maintenance. The building offers approximately 2,141 SF across two units with a total of 6 bedrooms and 3 bathrooms. Unit mix includes one 4-bedroom/2-bath unit and one 2-bedroom/1-bath unit. Current rents total $6,335/month ($76,020 annually), producing an estimated NOI of $60,760 and an attractive ~7.6% cap rate at the $799,000 asking price. Landlord responsibilities are limited to common electric, water/sewer, insurance, taxes, and routine maintenance. Strong income, updated condition, and consistent rental demand make this a stable long-term hold. First group showing: Saturday, January 24th, 11:30 AM–1:00 PM. Offer deadline Tuesday, January 27th at 12:00 PM (Make offer good until 1/27/25 4 PM)
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