This Property is No Longer Available
55 Mount Vernon St, Boston, MA 02125
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$2,335,000
*Sale Price
3 Unit
12 Beds
6 Baths
4149 SQFT
0.05 Acre

Property Description

Turnkey 3-family located in the heart of Dorchester’s vibrant Polish Triangle neighborhood. The 3 luxury rental units, each consisting of 4 bedrooms & 2 bathrooms, has been renovated to the studs. The units feature modern kitchens with semi-custom cabinetry, quartz countertops & stainless steel appliances, modern bathrooms, in-unit laundry, new efficient HVAC systems & water heaters. The electrical & plumbing systems have been fully updated. Each unit has private outdoor space, high ceilings that enhance the sense of spaciousness, an abundance of natural light, great views & hardwood floors throughout. Located in close proximity to the JFK/UMass Redline T-Station, UMass Boston, South Bay, Dorchester Brewing, beaches, parks, I-93, downtown Boston, as well as a plethora of restaurants & shops, offering unparalleled convenience & accessibility. This is a fantastic investment opportunity, with all units rented through 8/31/24 with a monthly rent roll of $13,350 & a 6% cap rate.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Bike Path, Conservation Area, Golf Course, House of Worship, Laundromat, Marina, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 160200
  • Net Operating Income: 160200

Utilities

  • Heat Zones: 3
  • Hot Water: Electric
  • Cooling Zones: 3
  • Electric Info: 200 Amps
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Icemaker Connection, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Other Rooms: Kitchen, Laundry, Living RM/Dining RM Combo
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Interior Features: Balcony/Deck, Bathroom with Shower Stall, Cathedral/Vaulted Ceilings, High Speed Internet Hookup, Open Floor Plan, Remodeled, Slider, Stone/Granite/Solid Counters, Storage, Upgraded Cabinets, Upgraded Countertops
  • Heating: Central Heat, Electric
  • Cooling: Central Air
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Laundry, Living RM/Dining RM Combo
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior Features: Balcony/Deck, Bathroom with Shower Stall, Cathedral/Vaulted Ceilings, Hardwood Floors, High Speed Internet Hookup, Open Floor Plan, Remodeled, Slider, Stone/Ceramic Tile Floor, Storage, Tile Floor, Upgraded Cabinets, Upgraded Countertops, Wood Flooring
  • Heating: Central Heat, Electric
  • Cooling: Central Air
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Other Rooms: Kitchen, Laundry, Living RM/Dining RM Combo
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior Features: Balcony/Deck, Bathroom with Shower Stall, Cathedral/Vaulted Ceilings, Hardwood Floors, High Speed Internet Hookup, Open Floor Plan, Remodeled, Slider, Stone/Ceramic Tile Floor, Storage, Upgraded Cabinets, Upgraded Countertops, Wood Flooring
  • Heating: Central Heat, Electric
  • Cooling: Central Air
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73112202
  • Last Updated: 06/22/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/22/2023Sold$2,335,000$563MLSPIN
06/13/2023Under Agreement$2,350,000$566MLSPIN
05/20/2023Active$2,350,000$566MLSPIN
05/16/2023New$2,350,000$566MLSPIN

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Seller's Representative: Eric W. Johnson, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2023-06-22 10:08:00

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