Discover an exceptional investment opportunity at 1299 Dorchester Ave. This high income producing fourplex building comes with a fifth non-conforming unit, elevating its earning potential and cashflow. Positioned on a large 85 x 100 foot lot with R4U-C zoning, Nestled in a prime location ,close to amenities, schools, and transportation, it has consistent occupancy and strong rental demand. Perfect for investors seeking to expand their portfolio, its proven income generation and development possibilities make it an attractive purchase. High Net income of $64,079 with Cap Rate of 4.7%. Loads of development potential while keeping current building. Roof (2019), Furnace (2014). Contact us today for more information (id:47421)
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Detailed Information
Lot
84.5 x 99.42 ft
Amenities Nearby
Public Transit, Recreation Nearby, Shopping
Features
Balcony
Lease Type
Other, See Remarks
Listing Contract Date
2024-02-23
Municipal ID
040440259
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
Residential
Building
Basement Development
Finished
Basement Type
Common (Finished)
Constructed Date
1960
Construction Material
Wood frame
Construction Style (Attachment)
Attached
Cooling Type
None
Exterior Finish
Brick
Fire Protection
Smoke Detectors
Flooring Type
Hardwood, Linoleum
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Oversize
Surfaced
Land
Total Size
84.53 ft X 99.38 ft
Amenities
Public Transit, Recreation Nearby, Shopping
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
84.53 ft X 99.38 ft
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