Listing ID:
73131943
Neighborhood/Town:
Dorchester
Beds:
10
Baths:
3
Price:
$1,275,000
Property Description:
25 Ronan Street offers the opportunity to acquire a fully occupied investment Property in an exceptional, urban-infill location at a 6.45% cap rate and is ideal for a potential buyer looking for income growth and strong investment returns. The opportunity exists to increase rents (as was done with the first-floor unit) by converting the 2nd and 3rd floor apartments into 4-Bedroom Units. Each unit is separately metered for electricity, gas heat, and hot water, which the tenants pay directly. The property features condo quality finishes in all units, including kitchens with updated cabinetry and granite countertops, hardwood floors as well as dishwashers and laundry in all units. The property features recent capital improvements including two new gas boilers (the third is relatively new), two new water tanks and 100 amp electrical in each unit and a newer roof and vinyl siding. Also included in the sale is an adjacent lot (0 Ronan Street) consisting of 0.07 Acres.
Property Type:
Multi-Family Home
Property Status:
Active
Total Rooms:
18
In Luxury Building:
N
Main Luxury Building Listing:
N
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