This Property is No Longer Available
12 Lorenzo St, Boston, MA 02122
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$1,290,000
3 Unit
9 Beds
3 Baths
3264 SQFT
0.06 Acre

Property Description

INVESTMENT GEM! Seize this exceptional opportunity to own a massive 3-family property, ideally situated just minutes from 93 N and S, in the convenient Port Norfolk area of Dorchester. This highly sought-after rental property is updated throughout, each unit boasting 3 beds, 1 bath, kitchen, a living room, central air/heat & three sets of laundry facilities in the walk-out basement. Each unit also has tankless hot water heaters, separate systems, and individual storage units. U 2 is currently leased through 9/30/23 for $2,275, while Units 1 and 3 are occupied by tenants at will, paying $2,550 and $2,880 respectively. Potential market rent exceeds $7,500 monthly. The property is FULLY LEAD COMPLIANT, making it a superb addition to any active investor's portfolio or an ideal first-time investment – simply turn the key and start cashing checks!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Basement Features: Finished, Full, Other (See Remarks)
  • Common Rooms: Other (See Remarks)

Financial

  • APOD Available: Yes
  • Gross Operating Income: 92460
  • Gross Expenses: 4277
  • Electric Expenses: 867
  • Water/Sewer: 3748
  • INSC: 4277
  • Repairs & Maintenance: 2967
  • Net Operating Income: 92460

Utilities

  • Electric Info: 220 Volts, At Street
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: for Gas Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Dining Room, Living Room
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Interior Features: Ceiling Fans
  • Heating: Central Heat, Electric
  • Cooling: Central Air
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Dining Room, Kitchen, Living Room
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Interior Features: Cathedral/Vaulted Ceilings, Ceiling Fans
  • Heating: Central Heat, Electric, Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Gas, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Other Rooms: Dining Room, Living Room
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Interior Features: Cathedral/Vaulted Ceilings, Ceiling Fans, Wood Flooring
  • Heating: Central Heat, Electric, Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated, None
  • Warranty: No

Other Information

  • MLS ID# 73111694
  • Last Updated: 12/01/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/01/2023Expired$1,290,000$395MLSPIN
07/05/2023Temporarily Withdrawn$1,290,000$395MLSPIN
05/20/2023Active$1,290,000$395MLSPIN
05/16/2023New$1,290,000$395MLSPIN

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Seller's Representative: Arian Simaku, Simaku Realty, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2023-12-01 03:05:00

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