116 Homestead St
|Location:||Boston - Dorchester|
A substantial property of the size and kind rarely available in Boston. Solid, brick, exceptionally maintained, in need of no capital improvements, and with the prospect of instant cash-flow growth. Current Gross rent $198,192 with NOI at $161,393 yields a 7.3% cap rate but this could easily be increased to 8.9% with modest rent increases to market rates (See listing attachment for all financials). Located in desirable Elm Hill, this Brookline-style, rock-solid apartment building featuring old-world craftsmanship with its brick exterior, marble staircases, and mahogany trim-work. has been fixed up from stem to stern with new systems, roof, and more making it truly turn-key. New heating & hot water, rubber roof, repointed brick exterior, replacement windows, new fire alarm control, pressure-treated decks, updated unit interiors & more. 1st showings of unit #5, basement, and systems only. Subsequent showing of all units contingent on satisfactory offer being presented.
Listing courtesy of Justin L. Green from In Realty
- 3 Garage Spaces
- 6 Parking Spaces