Dorchester 12 Bed 3 Bath Multi-Family Home for Sale

Not Available - Off Market

This Property is No Longer Available

7 Delano Street, Boston, MA 02122
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$1,499,000

3 Unit

12 Beds

3 Baths

3042 SQFT

0.06 Acre

Property Description

Come see this under-rented triple decker with unlimited potential. A rare opportunity to own on a quiet, dead-end street in the Mount Bowdoin neighborhood of Dorchester. This cash-flow positive multi family is ripe for a value-add renovation, has separately metered gas and electric, and 4-6 parking spaces out front. There are two bonus rooms and a bathroom in the basement, currently being as storage. Current monthly rent is $8,665 with one vacant room, typical monthly is $9,415. Annual income is $112,980, with operating expenses of $25,038 including property taxes. Property boasts a ***5.9 CAP*** with value add or development potential.

Property Details tap to expand

Building Information

Total Units: 3
Total Floors: 6
Total Bedrooms: 12
Total Full Baths: 3
Amenities: Highway Access, Laundromat, Medical Facility, Park, Public Transportation, Tennis Court, T-Station
Basement Features: Partially Finished
Common Rooms: Laundry

Financial

APOD Available: Yes
Expenses Source: Owner Provided
Gross Operating Income: 112980
Gross Expenses: 25038
Net Operating Income: 87942

Utilities

Water: City/Town Water, Private
Sewer: City/Town Sewer, Private

Unit 1 Description

Included in Rent: Electric, Gas, Heat, Other (See Remarks)
Under Lease: Yes
Floors: 1
Other Rooms: Kitchen
Levels: 1

Unit 2 Description

Included in Rent: Electric, Gas, Heat, Other (See Remarks)
Under Lease: Yes
Floors: 2
Other Rooms: Kitchen
Levels: 1

Unit 3 Description

Included in Rent: None
Under Lease: Yes
Floors: 3
Other Rooms: Kitchen
Levels: 1

Construction

Year Built: 1905
Type: 3 Family - 3 Units Up/Down
Construction Type: Aluminum, Frame
Foundation Info: Other (See Remarks)
Roof Material: Rubber
Lead Paint: Unknown
Warranty: No

Other Information

MLS ID# 73129673
Last Updated: 10/02/23

Property History tap to expand

Date	Event	Price	Price/Sq Ft	Source
10/02/2023	Expired	$1,499,000	$493	MLSPIN
06/30/2023	Active	$1,499,000	$493	MLSPIN
06/26/2023	New	$1,499,000	$493	MLSPIN

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Map

Seller's Representative: The Modern Group, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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 2023-10-02 03:05:00

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