Boston, MA, US(change)
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Residential Real Estate For Sale
296-300 BOWDOIN STREET
Boston, Massachusetts 02122
ATTENTION INVESTORS & 1031 BUYERS! WELL UPDATED & MANAGED 5-UNIT MIXED-USE BUILDING IN A GREAT DORCHESTER LOCATION NEAR ADAMS STREET! THIS BUILDING WILL BE A CASH COW AND TURN KEY FOR THE NEW OWNER! ALL 5 UNITS ARE MARKET RATE. THE STORE FRONTS HAVE ALL BEEN GUT RENOVATED WITH STRONG LONG-TERM TENANTS. THE RESIDENTIAL UNITS ARE GOOD SIZED 3 BEDROOMS AND HAVE LEAD COMPLIANCE CERTIFICATES. THE EXTERIOR IS VINYL SIDING WITH A NEWER RUBBER & ASPHALT SHINGLE ROOF. THERE IS FOUR CAR PARKING IN THE REAR. THE CURRENT GROSS ANNUAL INCOME IS $78,000/YEAR WITH EXPENSES OF $16,211. THE NOI IS $63,048 AND THE ESTIMATED CAP RATE IS A SOLID 6.6% WITH AN ESTIMATED RETURN ON INVESTMENT OF 9.3%. THERE IS TREMENDOUS UPSIDE POTENTIAL FOR RENT ADJUSTMENTS. THE BASEMENT ALSO HAS A COIN-OP LAUNDRY ROOM TO GENERATE MORE INCOME! THIS WON'T LAST LONG SO CALL US TODAY!! NO WEEKEND OR EVENING SHOWINGS.
$949,000.00
MLS#:72199679
Listing Office:Insight Realty Group, Inc.
Listing Agent:Michael McGuire
Office Phone:(617) 323-2300
Bedrooms:9
Bathrooms:3
Half Baths:1
Address: 296-300 BOWDOIN STREET
City:Boston
State:Massachusetts
ZIP Code:02122
Property Type:Multi-family
Lot Size:3497.00
Property Size:5511.00
Year Built:1910
Parking Spaces:4
Parking Feature:Off-Street
Exterior:Vinyl
Instruction:No weekend or evening showings.
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