Property Description

INVESTMENT GEM! GREAT FOR FIRST TIME HOME BUYER OR INVESTOR. Seize this exceptional opportunity to own a massive 3-family property, ideally situated just minutes from 93 N and S, in the convenient Port Norfolk area of Dorchester. This highly sought-after rental property is updated throughout, each unit boasting 3 beds, 1 bath, kitchen, a living room, central air/heat & three sets of laundry facilities in the walk-out basement. Each unit also has tankless hot water heaters, separate systems, and individual storage units. Units 1 and 3 are occupied by tenants at will, paying $3,200 respectively. Potential market rent exceeds $9,600 monthly. The property is FULLY LEAD COMPLIANT, making it a superb addition to any active investor's portfolio or an ideal first-time investment – simply turn the key and start cashing checks!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Bike Path, Golf Course, Highway Access, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Finished, Full, Other (See Remarks), Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Ceiling Fans, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Common Heating: Central Heat, Electric, Forced Air, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Gross Operating Income: 92460
  • Gross Expenses: 4277
  • Electric Expenses: 907
  • Water/Sewer: 3388
  • INSC: 4446
  • Repairs & Maintenance: 2967
  • Net Operating Income: 92460

Utilities

  • Electric Info: 220 Volts, At Street
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: for Gas Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated, None
  • Warranty: No

Other Information

  • MLS ID# 73321329
  • Last Updated: 12/26/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/26/2024New$1,289,000$395MLSPIN
12/01/2023Expired$1,290,000$395MLSPIN
07/05/2023Temporarily Withdrawn$1,290,000$395MLSPIN
05/20/2023Active$1,290,000$395MLSPIN
05/16/2023New$1,290,000$395MLSPIN

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Seller's Representative: Arian Simaku, Simaku Realty, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
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 2024-12-26 03:30:00

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