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Investment opportunity in Dedham, MA! This legal 3-family home with a 4th tenant offers excellent rental income history and incredible potential for growth. Each unit boasts 2 bedrooms, with the second unit offering potential to be converted into a 3-bedroom for added value. All units feature hardwood floors, high ceilings and great condition The property updates include a rewired electrical system, updated heating, newer hot water tanks, windows and roof. With long-term tenants and rents currently below market value, the cap rate is 5.4% but can potentially increase. Are you an owner occupant? This is for you. Live in one unit and let the other units pay for your mortgage. A large lot, part of which is zoned for business, accommodates 10+ cars. The brand-new porch adds to the home's appeal. Common laundry in the basement. Don’t miss this chance to own a well-maintained property in a prime location!
MLS Listing ID: | 73301721 |
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Listing Price: | $1,250,000 |
Listing Status: | Active [?] |
Property Type: | Multi Family |
Bedrooms: | 6 |
Full Baths: | 4 |
Living Space: | 3648 sf. |
Lot Size: | 0.39 acres (17000 sf.) |
Parking: | Yes |
Taxes: | $10,979.00 |
Tax Year: | 2024 |
Listing Current as of December 06, 2024 8:00pm
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