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Mixed-Use Property at 693-693b Dudley Street in Dorchester

Mixed-Use Property at 693-693b Dudley Street in Dorchester
FOR SALE
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$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

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Dorchester Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale

No investors found in this market.

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James Yannios

James Yannios

Commercial RE Investment Broker

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James Yannios

James Yannios

Commercial RE Investment Broker

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