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3 Stockton Street, Boston, MA 02124
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$1,339,000
3 Unit
9 Beds
6 Baths
3600 SQFT
0.10 Acre

Property Description

3 Stockton Street is a fully renovated turn-key three unit investment property located in the highly desirable Ashmont neighborhood of Dorchester. The asset generates an impressive $9,375 per month and has significant upside as this area continues to see yearly appreciation in both rent levels and property values. The property is a short walk to Ashmont Station (Red Line) and is comprised entirely of 3-Bedroom/1.5 Bath units. The apartments boast hardwood flooring throughout, shaker cabinets, stone countertops, and tile bathrooms. The building also features new vinyl siding, new rubber roof, and the mechanicals are in excellent condition.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Total Half Baths: 3
  • Amenities: House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Unfinished Basement
  • Common Interior Features: Bathroom With Tub & Shower, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 112500
  • Gross Expenses: 23053
  • Net Operating Income: 89447

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73221370
  • Last Updated: 04/25/24

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Seller's Representative: Tony Pepdjonovic, Marcus & Millichap Real Estate Investment Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: N/A
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-04-25 21:01:00

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