119-121 Dexter Ave, Watertown, MA
Not Available - Off MarketPrice Reduced $50,000
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This Property is No Longer Available
119-121 Dexter Ave, Watertown, MA 02472
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$1,850,000
3 Unit
9 Beds
7 Baths
6615 SQFT
0.15 Acre

Property Description

Investment Opportunity in a prime East Watertown residential location just 0.7 miles from booming Arsenal Yards development, shopping and businesses! This substantial building boasts over 7,000 sf of gross square footage with a finished basement and accessory dwelling. The 1st and 2nd floors offer two spacious 3-4 bedroom, 2 bathroom flats featuring hardwood floors, generous open dining & living areas, and renovated modern kitchens and bathrooms. All units are rented with leases up in 06/2025. Current gross $98K is below market. Projection $132K in GRI. The wide 6,621 sf lot accommodates up to 11 parking spaces. Three separate systems. Boilers were replaced in 2014. Easy commute and steps from Arsenal Yards, Watertown Greenway Bike Trail, and all the small shops and restaurants that East Watertown has to offer!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 7
  • Basement Features: Finished, Other (See Remarks)

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 98000
  • Net Operating Income: 78000

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: Yes
  • Floors: 2
  • Levels: 2

Unit 3 Description

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

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73260961
  • Last Updated: 10/01/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/01/2024Expired$1,850,000$280MLSPIN
07/23/2024Active$1,850,000$280MLSPIN
07/19/2024Price Change$1,850,000$280MLSPIN
07/15/2024Active$1,900,000$287MLSPIN
07/08/2024New$1,900,000$287MLSPIN

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Seller's Representative: Bilien Woldeyonas, RE/MAX Destiny
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-10-01 03:06:00

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