Dudley Street Apartments
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 a separate vacant paved lot. Building consists of 4-2-bedroom units and 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 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...
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $1,800,000 |
| No. of Units: | 5 |
| Average Occupancy: | 100 |
| Year Built: | 1931 |
| Year Renovated: | 2018 |
| Building Size: | 6,196 Sq ft |
| Lot Size: | 4,271.00 Acres |
| No. of Stories: | 3 |
| Opportunity Zone: | Yes |
| Price per unit: | $360,000 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| mix use | 5 | 4639 | 13550 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Gross income: | 162600 |
| Effective Gross income: | 157722 |
| Operating expenses: | 31083 |
| Net operating income: | 126639 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| James Yannios | 781-224-0081 | [email protected] |
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