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.
© 2017 MLS Property Information Network, Inc. (MLSPIN). The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. This information was last updated on Wednesday, October 4th, 2017. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Insight Realty Group directly for additional information pertaining to the status and availability of properties displayed on this website. Listing Courtesy of Michael McGuire with Insight Realty Group, Inc..
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|Address:||296-300 BOWDOIN STREET|
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