Grove Property Group is pleased to present 142 Dorchester Street, an 18-unit stabilized multifamily asset in South Boston offered at a 6+ cap rate on in-place income.The property operates as a studio apartment building and is delivered fully stabilized and turnkey. All 18 units have been updated with modern kitchens, baths, and flooring. Common areas are modern throughout. The building is fully sprinklered and includes an additional driveway with 4 tandem parking spaces. Each unit is equipped with its own kitchen and bathroom (not shared), individual thermostat control for heat and AC — master HVAC is owner-paid. On-site laundry provides ancillary income.142 Dorchester Street represents one of the few opportunities to acquire scale in South Boston's supply-constrained multifamily market at a sub-$265,000 per-unit basis with no capital requirements to close!
4,908 Sq Ft
4,935 Sq Ft Lot Size
investment
$877 Monthly Tax
Built in 1899
MLS/Listing ID 73531446
3 Stories
18 Units
Public Water
Public Sewer
1/10 to 3/10 To Beach
Lot - Corner Lot
TOTAL MONTHLY COST
$0
$0
$0