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296 Bowdoin Street, DorchesterBoston, MA 02122MLS Number 72199679

  • Price: $949,000The price has recently decreased
  • Est. Mortgage of $/month
  • 32 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.03% last updated on 2017-04-27

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 9Bedrooms
  • 0.08Acreage
  • 4Bathroom
  • 1910Year Built

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.

Listed by Michael McGuire and Timothy Hearn of Insight Realty Group, Inc.

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Your Local Office

Steven Cohen Team
1313 Washington Street #115A
Boston MA, 02118

Office: 617-861-3636

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  • StreetBowdoin Street
  • Street No296-300
  • TownBoston
  • Building Number296
  • StateMA
  • Zip02122
  • NeighborhoodDorchester
  • CountySuffolk

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