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1 Louis D Brown Way, Boston, MA 02124
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$879,000
3 Unit
7 Beds
4 Baths
2579 SQFT
0.06 Acre

Property Description

***INVESTMENT OPPORTUNITY*** Well-maintained fully rented three-unit multifamily with parking, offers substantial income and low maintenance! Located in Dorchester’s bustling Fields Corner neighborhood, only .5 mile to the Fields Corner red line train stop. Gross annual rental income is $68,400. Great value-add investment, with the opportunity to increase to current market rents and grow cash flow. Property consists of a 3 bedroom/1.5 bath unit with private deck, and two spacious 2 bedroom/1 bath units. Units 1 and 2, plus common areas and exterior have been de-leaded. Common coin-operated laundry in basement. Roof and decks were replaced in 2014, 3 newer hot water tanks, 3 gas forced air furnaces. Close to nearby shops & restaurants, highway I-93, UMASS Boston, and just a few T stops to downtown Boston.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Medical Facility, Park, Public Transportation, Shopping, T-Station
  • Common Rooms: Mudroom

Financial

  • APOD Available: No
  • Gross Operating Income: 68400
  • Net Operating Income: 68400

Utilities

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

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73158454
  • Last Updated: 05/03/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/18/2023Under Agreement$879,000$341MLSPIN
11/03/2023Active$879,000$341MLSPIN
10/30/2023Price Change$879,000$341MLSPIN
10/06/2023Active$899,000$349MLSPIN
10/02/2023Price Change$899,000$349MLSPIN
09/16/2023Active$925,000$359MLSPIN
09/12/2023New$925,000$359MLSPIN

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Seller's Representative: Steven Cohen Team, Keller Williams Realty Boston-Metro | Back Bay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-05-03 10:56:00

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