116 Homestead St

Overview

ID: #71769842
Price: $ 2,200,000
Type: multi family
Contract: sale
Location: Boston - Dorchester
Bathrooms: 13
Bedrooms: 20
Area: 14688  SF
Rating:

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.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Listing courtesy of Justin L. Green from In Realty

General amenities

  • 3 Garage Spaces
  • 6 Parking Spaces
  • Basment
  • Waterfront

Map