SoldJun 30, 2016

Listed by Michael McGuire

Bought with Denise Connell from Donahue Real Estate Co.

Source: MLS Property Information Network Inc #71966490

6 Harvard Park, Boston, MA, 02124

$575,000

9
3
3663 sq. ft.
3158 sq. ft.

Other

Sold: Jun 30, 2016

What's around 6 Harvard Park

About this property

ATTENTION INVESTORS: STUNNING UPDATED 3-FAMILY BUILDING IN A GREAT DORCHESTER LOCATION!!! THIS BUILDING WILL BE A CASH COW AND IS TURN KEY FOR THE NEW OWNER!! ALL UNITS ARE VERY GOOD SIZED 3 BEDROOMS AND ARE UNDER LEASE FOR $1,750/MONTH EACH!!. THE EXTERIOR IS VINYL SIDING WITH VINYL REPLACEMENT WINDOWS AND A RUBBER ROOF. THE KITCHENS & BATHS ARE MODERN AND THE UNITS OFFER HARDWOOD FLOORS!! THE CURRENT GROSS ANNUAL INCOME IS $63,000/YEAR WITH EXPENSES OF $7,486. THE NOI IS $53,623 AND THE ESTIMATED CAP RATE IS A SOLID 9% WITH AN ESTIMATED RETURN ON INVESTMENT OF 19%!!!! THE BASEMENT ALSO HAS GREAT POTENTIAL FOR A COIN-OP LAUNDRY ROOM TO GENERATE MORE INCOME! ALL UNITS ARE CURRENTLY FULLY LEASED SO ONLY ONE UNIT AND THE BASEMENT WILL BE SHOWN AT THE FIRST SHOWINGS THEN AFTER AN ACCEPTED OFFER THE BUYER CAN VIEW THE REST OF THE UNITS. THIS WON'T LAST LONG SO CALL US TODAY!! NO WEEKEND OR EVENING SHOWINGS.

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