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12 & 14 Dana Avenue Boston, MA 02136
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Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,135 sqft
Price per Sqft $306
MLS Listing ID 73135904
Bedrooms 5
Full Baths 8
Year Built 1920
Annual Tax Amount $18,699
Tax Year 2023
Lot Size 0.280 Acres
Property Sub-Type 5-9 Family
Property Description
Rare Find! Superb, hard-to-find 8-unit Multi-Family investment in a coveted Hyde Park Location! This offering is comprised of (2) adjacent Buildings a (5) unit and a (3) unit building. The 5-unit property consists of (3) one-bedroom apartments and (2) studio apartments. The 3-unit property consists of (2) one-bedroom apartments and a commercial space (beauty salon). The current gross income is $152,700 with annual expenses of $42,111. The NOI is 11,589 with a fantastic cap rate of 6.5%. This top location is steps to the commuter rail, bus stop, Cleary Square's fine shops, historic theatre, and amazing restaurants! Minutes from highway access. The seller also has architect's plans in hand for potential redevelopment into 23 new construction rental units with 23 car parking (ask broker for complete plans). THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD & FUTURE REDEVELOPMENT POTENTIAL! THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!
Location
State MA
County Suffolk
Area Hyde Park
Zoning NS-2
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Bike Path, Conservation Area, Highway Access, T-Station
Building
Lot Description Corner Lot
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Read Less
Bought with Steven Musto • Insight Realty Group, Inc.
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