***INVESTMENT OPPORTUNITY*** Well-maintained fully rented three-unit multifamily with parking, offers substantial income and low maintenance! Located in Dorchester’s bustling Fields Corner neighborhood, only .5 mile to the Fields Corner red line train stop. Gross annual rental income is $68,400. Great value-add investment, with the opportunity to increase to current market rents and grow cash flow. Property consists of a 3 bedroom/1.5 bath unit with private deck, and two spacious 2 bedroom/1 bath units. Units 1 and 2, plus common areas and exterior have been de-leaded. Common coin-operated laundry in basement. Roof and decks were replaced in 2014, 3 newer hot water tanks, 3 gas forced air furnaces. Close to nearby shops & restaurants, highway I-93, UMASS Boston, and just a few T stops to downtown Boston.
Sold for $879,000 on 07/17/24
$879,000
1 Louis D Brown Way, Dorchester, MA 02124
7beds
2,579sqft
3 Family
Built in 1890
-- sqft lot
$922,700 Zestimate®
$341/sqft
$2,970 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 26, 2024 at 08:21am
Listed by:
Steven Cohen Team,
Keller Williams Realty Boston-Metro | Back Bay,
Nicole Spencer
Bought with:
Rebecca Huang
East West Real Estate, LLC
Source: MLS PIN,MLS#: 73158454
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Mudroom
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,579
- Total interior livable area: 2,579 sqft
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
Lot
- Size: 2,578 sqft
- Features: Level
Details
- Parcel number: W:15 P:00821 S:000,1302026
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Other
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, T-Station
Location
- Region: Dorchester
HOA & financial
Other financial information
- Total actual rent: 5700
Services availability
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Estimated market value
$922,700