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20 Fairmount Street, Boston, MA 02124
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$1,799,000
6 Unit
12 Beds
6 Baths
5442 SQFT
0.10 Acre

Property Description

Exceptional turn key 6 family in Dorchester! This property has been meticulously maintained and will be a great addition to an experienced investor's portfolio or the perfect property for a smaller investor that's ready to make the jump up to a larger asset. All the heavy lifting has already been done and numerous updates will ensure expenses will be kept to a minimum for the foreseeable future. Recent updates include a new roof, siding, windows, electrical, and kitchens/bathrooms in 4 out of the 6 units. All 6 units are separately metered and have identical layouts featuring hardwood floors throughout, a large kitchen pantry, and private outdoor space. This property has a strong rental history and is a great buy & hold investment, but the unit layouts & overall building configuration work as a condo conversion as well (full basement w/ front ext. door & walk-up access to a flat roof w/ city views)! This one is a true gem & great investment opportunity so don't miss out!!

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 8
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, Laundromat, Medical Facility, Park, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Hardwood Floors, Intercom, Lead Certification Available, Pantry, Storage
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 159600
  • Gross Expenses: 19858
  • Electric Expenses: 444
  • Water/Sewer: 3072
  • INSC: 6324
  • Net Operating Income: 139742

Utilities

  • Electric Info: 200 Amps, Common, Individually Metered, Other (See Remarks)
  • Energy Features: Insulated Windows
  • 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: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

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

Construction

  • Year Built: 1899
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Vinyl / VCT, Wood
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73196578
  • Last Updated: 02/15/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/15/2024Under Agreement$1,799,000$331MLSPIN
01/29/2024Active$1,799,000$331MLSPIN
01/25/2024New$1,799,000$331MLSPIN

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Seller's Representative: Jonathan Heelen, Coldwell Banker Realty - Milton
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: 1.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-02-15 21:39:00

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