Mixed-Use Property at 693-693b Dudley Street in Dorchester
$1,800,000
693-693b Dudley Street, Dorchester, MA 02125
6,196 SF
Square Feet
$291
PPSF
5
Units
300.0K
PPU
7.14%
CAP
Property Description
Units
5 — PPU: 300.0K
NOI
$128,609
Cap Rate
7.14%
Yannios Real Estate Investment Services, as exclusive agent, is proud to present a rare investment opportunity. Property currently under same ownership for 24+ years. Brick 5 units mix-use with a separate vacant buildable paved lot. Building consists of 4-2-bedroom units and 1-commercial unit occupied by a convenient store. Store has a 5-year lease with 2–5-year options to renew. Tenant paid utilities. Capital improvements, building gutted and rehabbed with new electric, new gas fired heat, rubber roof and fire sprinklers. Units also have intercoms and subpanels. Building maintained well, clean and excellent condition. Turnkey opportunity. Located in Dorchester's Upham Corner, commuter rail across the street. Vast amount of area amenities. Building shows owner's pride. Upside on rents positioning the property to capture rent growth in a high-demand, low-vacancy market with access to public transportation. Demand drivers for rental housing in Dorchester's market continue to strengthen. Qualifies for opportunity zoning. Interested and qualified buyers will be able to view the property and obtain additional information. Call to schedule a tour...
Property Details
Asset Type
Mixed-use
Year Built
1931
Zoning
RC
Lot Size
4,271 SF
Neighborhood
Upham's Corner
Submarket
Dorchester
ZIP
02125
Renovated
2018
Listing Type
sale
Net Operating Income (NOI)
$204,038
Debt Service Coverage Ratio (DSCR)
1.99x
Cap Rate
11.34%
Cash Flow (Annual)
$101,643
Cash-on-Cash Return
22.59%
Monthly Debt Service
$8,533
Annual Debt Service
$102,395
View on Map
Address
693-693b Dudley Street
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Dorchester Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.