Property Description
Rare opportunity to acquire a 24-unit, Cash Flowing Multifamily Asset in the Heart of Dorchester (one of Boston's most desirable rental markets). This Well-Maintained property generates $60,200 in monthly gross rental income (approximately $722,400 annually), featuring a highly sought after unit mix of 22 (2bd 1bth) units and 2 (1bd 1bth) units. Major capital improvements include updated plumbing and electrical systems completed within the past five years and a roof replaced approximately ten years ago. Additional features include separately metered utilities (Gas & Electric), ample off-street parking, and strong in-place cash flow with opportunities for long-term appreciation. Centrally located near Ashmont Station and Ruggles Station. Whether completing a 1031 exchange or expanding an investment portfolio, this turnkey asset offers immediate income, proven stability, and exceptional upside in one of Greater Boston's strongest multifamily markets. Pro Forma available.
Overview
Property Type
Multi-family
Location
7-11 Abbot St., Boston, MA 02124
Zoning
COMM3
MLS ID
73550688
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
46
Full Bathrooms
24
Flooring
Tile, Wood
Appliances
Range, Dishwasher, Microwave, Refrigerator, Freezer
Other Interior Features
Living Room, Kitchen
Exterior
Stories
6
Water Source
Public
Utilities
for Gas Range
Roof
Rubber
Lot Features
Corner Lot
Parking
Off Street
Heat Type
Natural Gas
Air Conditioning
Window Unit(s)
Sewer
Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Balcony, Professional Landscaping
Details
Total Area
14,592 Sq.Ft.
Financial
Price
$8,640,000
Real Estate Tax
$51,187/yr
Exclusive Listing Agents
Jorge Sariego
Founding Partner SERHANT. Massachusetts | Licensed Associate Real Estate Broker | Team Lead
(617) 704-0921 [email protected]