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Expired

605-607 Dorchester Ave, Boston MA 02127

$3,488,000

Estimated $6,496.36/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $581,333.33

Total Rent: 211140/year

Estimated CAP Rate: 5.76%

12 Bedrooms

5 Full, 1 Half Baths

8,250 SqFt

Total Parking: 0

2,250 SqFt

PACKAGE OFFERING WITH SELLER FINANCING AVAILABLE FOR QUALIFIED BUYER - PROJECTED PROPERTY INCOME FOR 2023 is $23,000+ monthly - PRIME LOCATION/Across from Andrew Station MBTA Red Line and bus system - 605-607 Dorchester Ave is being sold with 8-10 Boston St.(Properties are attached in the rear). Lots are 2250sf combined. The buildings consist of four 3 bed rentals on upper floors, an "auxiliary" use space with kitchenette and bath in basement of 607 Dorchester (4 of the units have been renovated) and a first floor commercial tenant occupies both the first floors with storefront access on both Boston St and Dorchester Ave. The City of Boston is currently processing a change of zoning for the area of Andrew T Station to Broadway T Station w/significant height allowance planned. Zoning links, BPDA Links, plot plans and renderings can be found in virtual link. The current commercial tenant is a long term TAW.

This home has been viewed 35 times

Last Checked: May 7th, 2024 at 1:31am (Source: MLS PIN #73066018)

Gross Income: $211,140

Gross Expenses: $10,087

Net Income Calc: $201,053

CAP Rate: 5.76%

Beach Front

Annual Expenses for 605-607 Dorchester Ave, Boston MA 02127

Total Gross Expenses (Calculated)$10,087/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,087

Annual Income & Unit Breakdown for 605-607 Dorchester Ave, Boston MA 02127

Total Gross Income (Calculated)$211,140

Unit 1

Rental Income$2,400

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$7,695

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 3

Rental Income$3,750

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$3,750

LeaseN

Bedrooms3

Bathrooms2 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 605-607 Dorchester Ave, Boston MA 02127

Listing ID73066018

Property TypeMulti Family / 5+ Family

Price$3,488,000 ($422.79/SqFt)

Style5-9 Family

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total8,250 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking0

Garage Parking

Year Built1899

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesLevel, Zero Lot Line

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningMixed Use

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBay, Beach Front, Beach Ownership(public), 3/10 To 1/2 Mile To Beach

Energy Features

Terms

Disclosures for 605-607 Dorchester Ave, Boston MA 02127

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$250,740

Total Net Income By Broker$250,740

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 605-607 Dorchester Ave, Boston MA 02127

Real Estate Taxes$10,087

Tax Year2022

Assessed Value$927,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$250,740

BostonRealEstate.com Gross Income

Total Net Income By Broker$250,740

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.76%

Location Information for 605-607 Dorchester Ave, Boston MA 02127

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Boston

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station, Tennis Court(s), Marina, Private School, University

Contact Information for 605-607 Dorchester Ave, Boston MA 02127

Agent

Name: Ian Halpin

Office

Name: Signal Real Estate

Phone: 617-488-9549

Payment Calculator

, Interest

Property Taxes 840.58

Principal & Interest 21491.95

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Signal Real Estate

Ian Halpin

Agent Phone

Office Phone

(617) 488-9549

Text Agent Call Agent Call Office

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            [0] => 605-607 Dorchester Ave, Boston MA 02127
        )

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EXIT

Expired

605-607 Dorchester Ave, Boston MA 02127

$3,488,000

Annual Expenses for 605-607 Dorchester Ave, Boston MA 02127

Annual Income & Unit Breakdown for 605-607 Dorchester Ave, Boston MA 02127

General Information for 605-607 Dorchester Ave, Boston MA 02127

Disclosures for 605-607 Dorchester Ave, Boston MA 02127

Financial Information for 605-607 Dorchester Ave, Boston MA 02127

Location Information for 605-607 Dorchester Ave, Boston MA 02127

Contact Information for 605-607 Dorchester Ave, Boston MA 02127

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Signal Real Estate

Ian Halpin