$2,195,000

About this home

An exceptionally straightforward six-unit offering in Dorchester's Mount Bowdoin — fully leased and producing $196,224 in gross annual rent from day one.The building holds six identical two-bedroom, one-bath flats arranged two per floor across three levels. That symmetry makes the property unusually easy to own, easy to lease and easy to underwrite. At roughly 989 square feet apiece the units are meaningfully more generous than the submarket average, and that extra room is what renews leases year after year. Total living area is 5,934 square feet on a 4,600 square foot parcel zoned R4.The systems are simple and cost-efficient. Gas heat and gas hot water throughout, with tenants carrying their own gas and electric service while ownership covers only water and sewer. The result is a genuinely lean expense profile for a building of this vintage, and a rent roll that flows to the bottom line rather than to the utility company.Location does the rest. Bus service along Blue Hill Avenue and Washington Street is immediately at hand, the Fairmount Line reaches South Station in roughly twenty minutes, Fields Corner on the Red Line sits under a mile away, and I-93 is minutes out. Boston's medical and university employment centers are an easy commute in nearly every direction, and two-bedroom apartments remain the deepest and most consistently absorbed rental product in the city.All-two-bedroom six-unit buildings seldom reach the open market in this submarket, and rarely arrive fully occupied. Whether you are adding scale to an established Boston portfolio or stepping into your first five-plus-unit asset, this is a clean, income-producing building with no renovation budget required at acquisition.Shown by appointment only with 24 hours' notice. Please do not disturb occupants.

Property details

MLS #

73559203

Property type

Home

Year built

1910

Interior

5,934 ft2

Status

Active

Listed by

Boston Realty

Listed 4 days ago

Facts & features

Location