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1444 Dorchester Ave, Boston MA 02122

$6,200,000

Estimated $14,965.44/month Calculator

Multi Family

Total Units: 20

Price Per Unit: $310,000

Total Rent: 24/year

Estimated CAP Rate: -0.95%

0 Bedrooms

Baths

37,400 SqFt

Total Parking: 24 (3 Garage)

26,863 SqFt

Rarely can you find a redevelopment / development opportunity that also produces cash flow today. Comprised of a 37,000 SqFt+- four story building, large parking lot with 20+ spaces and three commercial bays with attached single family in rear. Strong retail and office tenants in place including two anchor tenants, Santander and the Post office. Current gross annual revenue of almost $420,000. Separate electric for all units and separate heat / AC for all first floor retail units. Vacancy on half of the second floor, and full vacancy on remaining 3rd and 4th floors. Frame construction with brick exterior, this property has an abundance of future potential, from storage space (its most recent use) to large loft and beam residential units. Full redevelopment is also possible with a 26,836 square foot lot, curb cut on Leonard street and NS zoning which allows for a wide array of commercial/res. Only .2 of a mile from Fields Corner T stop. A prime investment in the heart of Fields Corner.

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 6:50am (Source: MLS PIN #73071505)

Gross Income: $24

Gross Expenses: $58,946

Net Income Calc: $58,922

CAP Rate: -0.95%

Annual Expenses for 1444 Dorchester Ave, Boston MA 02122

Total Gross Expenses (Calculated)$58,946/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$58,946

Annual Income & Unit Breakdown for 1444 Dorchester Ave, Boston MA 02122

Total Gross Income (Calculated)$24

Unit 1

Rental Income$1

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 1444 Dorchester Ave, Boston MA 02122

Listing ID73071505

Property TypeMulti Family

Price$6,200,000 ($165.78/SqFt)

Style5+ Family - 5+ Units Up/down

CityBoston

CountySuffolk

MLS AreaDorchester

Neighborhood(s)

Approximate Living Area Total37,400 SqFt

Approximate Lot Size (Acres)0.62 acres

Total Parking24 (3 Garage)

Garage Parking3 / Detached

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone,Granite

Accessible Features

Outdoor Space

ZoningC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1444 Dorchester Ave, Boston MA 02122

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureCommercial first second floor tenants, vacant thir

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$24

Total Net Income By Broker$24

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 1444 Dorchester Ave, Boston MA 02122

Real Estate Taxes$58,946

Tax Year2023

Assessed Value$999

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$24

BostonRealEstate.com Gross Income

Total Net Income By Broker$24

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.95%

Location Information for 1444 Dorchester Ave, Boston MA 02122

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDorchester

Area AmenitiesHighway Access, Shopping, Public Transportation, T-station

Contact Information for 1444 Dorchester Ave, Boston MA 02122

Agent

Name: Ramsay and Company

Office

Name: Leading Edge Real Estate

Phone: 617-502-6500

Team Members

Name: Ramsay Fretz

Phone: 617-699-4446

Payment Calculator

, Interest

Property Taxes 4912.17

Principal & Interest 38202.43

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Leading Edge Real Estate

Ramsay and Company

Agent Phone

Office Phone

(617) 502-6500

Text Agent Call Agent Call Office

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EXIT

Delete

1444 Dorchester Ave, Boston MA 02122

$6,200,000

Annual Expenses for 1444 Dorchester Ave, Boston MA 02122

Annual Income & Unit Breakdown for 1444 Dorchester Ave, Boston MA 02122

General Information for 1444 Dorchester Ave, Boston MA 02122

Disclosures for 1444 Dorchester Ave, Boston MA 02122

Financial Information for 1444 Dorchester Ave, Boston MA 02122

Location Information for 1444 Dorchester Ave, Boston MA 02122

Contact Information for 1444 Dorchester Ave, Boston MA 02122

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Leading Edge Real Estate

Ramsay and Company