GREAT OPPORTUNITY TO OWN A PREMIER TROPHY BRICK DORCHESTER 6-UNIT BUILDING LOCATED IN A PRIME NEIGHBORHOOD WITH GROSS RENT POTENTIAL OF $165K+! Superb building that will make for a great investment with tremendous upside or a strong 1031 Exchange option. LOW OPERATING EXPENSES & EASY TO MAINTAIN! This energy efficient brick building features great overall system mechanicals + upgrades. There are (5) lead compliant 2 bed 1 bath units w/great open layouts & 1 additional income producing commercial store space unit with extra storage. The building sits directly across from a brand new park/playground & features a young rubber roof, in-unit tankless Navien water heaters, hardwood floors, separate utilities, sturdy rear decks, parking, a huge basement, & much more! Four Corners/Geneva Commuter Rail stop is 3 blocks away! Multiple bus lines nearby, short commute to Downtown Boston, easy highway access. Franklin Park + the golf course is almost at the door steps. Cash cow for years to come!
This home has been viewed 40 times
Last Checked: May 6th, 2024 at 11:41pm (Source: MLS PIN #72904622)
Gross Income: $0
Gross Expenses: $6,531
Net Income Calc: $6,531
CAP Rate: -0.33%
Annual Expenses for 107-109 Erie St, Boston MA 02121
Total Gross Expenses (Calculated)$6,531/year
APOD Available
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,531.10
Annual Income & Unit Breakdown for 107-109 Erie St, Boston MA 02121
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 107-109 Erie St, Boston MA 02121
Listing ID72904622
Property TypeMulti Family / 5+ Family
Price$1,999,999
Style
CityBoston
CountySuffolk
MLS AreaDorchester
Neighborhood(s)
Approximate Living Area Total5,222 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking2
Garage Parking
Year Built1920
Year Built Source
Year Renovated
Year Built Details
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation Description
Accessible Features
Outdoor Space
ZoningRC
Zoning DetailsLegal Conforming
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 107-109 Erie St, Boston MA 02121
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$151,200
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based On
Financial Information for 107-109 Erie St, Boston MA 02121
Real Estate Taxes$6,531.10
Tax Year2021
Assessed Value
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$151,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.33%
Location Information for 107-109 Erie St, Boston MA 02121
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaDorchester
Area Amenities
Contact Information for 107-109 Erie St, Boston MA 02121