Dedication-Experience-Proven Results Real Estate Investment Sales
PROPERTIES FOR SALE
5 units Mix-Use Dorchester, MA
PROPERTY DESCRIPTION:
Yannios Real Estate Investment Services, as exclusive agent, is proud to present a rare investment opportunity. Property currently under same ownership for 24+ years. Brick 5 units mix-use with an adjacent separate vacant paved lot. Building consists of
4-2-bedrooms, 1-commercial unit occupied by a convenient store. Store has a 5-year lease with 2-5-year options to renew. Tenant paid utilities. Building was gutted and rehabbed with new electric, new gas fired heat, rubber roof and fire sprinklers. Units also have intercoms and subpanels. Building maintained well, clean and excellent condition. Turnkey opportunity. Located in Dorchester's Upham Corner, commuter rail across the street. Vast amount of area amenities. Building shows owner's pride. Upside on rents positioning the property to capture rent growth in a high-demand, low-vacancy market with access to public transportation. Demand drivers for rental housing in Dorchester's market continue to strengthen. Located in an opportunity zoning district. Interested and qualified buyers will be able to view the property and obtain additional information. Call to schedule a tour...
SUMMARY:
LIST PRICE: $1,800,000.00
UNITS: 5
PRICE PER UNIT: $360,000.00
NOI: $128,609.00
PRO-FORMA NOI: $133,819.00
LIVING AREA: 4,639 sq. ft.
BUILDING GROSS AREA: 6,196 sq. ft.
LOT SIZE: 4,271 sq. ft.
YEAR BUILT: 1931
HIGHLIGHTS:
-Turnkey
-100% occupied
-Excellent occupancy
-Tenant paid utilities
-Opportunity Zoning
Yannios Real Estate Investment Sales
27 Water Street, Suite 118 Wakefield, Massachusetts 01880, United States
Main (781) 224-0081