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Key Details
Sold Price $3,175,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,938 sqft
Price per Sqft $399
MLS Listing ID 72326781
Sold Date 07/18/18
Bedrooms 21
Full Baths 6
Half Baths 6
Year Built 1905
Annual Tax Amount $16,888
Tax Year 2018
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type 5-9 Family
Property Description
Almost 6% CAP rate! 17-19 Pleasant St represents a rare double-building investment opportunity in the thriving North Dorchester neighborhood. The package is comprised of two detached 3-unit buildings with 4-car parking, a gross combined sq footage of 12,168 (+/-), and a gross annual income of $224,400. Large floor plates and abundance of windows make these buildings particularly special. Currently configured as three 4-bed units and three 3-bed units, this investment offers future upside with minor floor plan changes. Many recent updates include newer roofs, newer siding, central AC, renovated kitchens and baths. Fully leased through 8/31/2018. Superb Dorchester location near Dorchester Ave and Columbia Rd: 0.8mi to South Bay Center (mixed-use development with cinema, grocery, condos, apartments), 0.6mi to JFK/UMass station (Red Line), 0.7mi to Savin Hill station (Red Line), 0.5mi to the future "Dot Block" (mixed-used development with retail, condos, apartments), 0.5mi to I-93 N/S.
Location
State MA
County Suffolk
Area Dorchester
Zoning RES
Direction On Pleasant Street between Stoughton and E. Cottage.
Rooms
Basement Full, Unfinished
Interior
Interior Features Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Heating Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air), Unit 4(Hot Water Radiators)
Cooling Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air), Unit 4(Window AC)
Fireplaces Number 10
Appliance Gas Water Heater
Laundry Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 3 Laundry Room, Unit 4 Laundry Room
Exterior
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
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Bought with Vicky Xiao • Berkshire Hathaway HomeServices N.E. Prime Properties
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205