Boston, MA 02136,12 & 14 Dana Avenue
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Boston, MA 02136,12 & 14 Dana Avenue
Boston, MA 02136,12 & 14 Dana Avenue
Boston, MA 02136,12 & 14 Dana Avenue
Boston, MA 02136,12 & 14 Dana Avenue

$1,575,000

Est. payment /mo

$1,700,000

7.4%
Est.Price: ?

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12 & 14 Dana Avenue Boston, MA 02136

5 Beds

8 Baths

5,135 SqFt

SOLD DATE : 09/20/2023

Key Details

Sold Price $1,575,000

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,135 sqft

Price per Sqft $306

MLS Listing ID 73135904

Sold Date 09/20/23

Bedrooms 5

Full Baths 8

Year Built 1920

Annual Tax Amount $18,699

Tax Year 2023

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type 5-9 Family

Property Description

Rare Find! Superb, hard-to-find 8-unit Multi-Family investment in a coveted Hyde Park Location! This offering is comprised of (2) adjacent Buildings a (5) unit and a (3) unit building. The 5-unit property consists of (3) one-bedroom apartments and (2) studio apartments. The 3-unit property consists of (2) one-bedroom apartments and a commercial space (beauty salon). The current gross income is $152,700 with annual expenses of $42,111. The NOI is 11,589 with a fantastic cap rate of 6.5%. This top location is steps to the commuter rail, bus stop, Cleary Square's fine shops, historic theatre, and amazing restaurants! Minutes from highway access. The seller also has architect's plans in hand for potential redevelopment into 23 new construction rental units with 23 car parking (ask broker for complete plans). THIS IS AN IDEAL 1031 EXCHANGE OR A NICE LONG-TERM INVESTMENT FOR A BUY-AND-HOLD & FUTURE REDEVELOPMENT POTENTIAL! THIS IS A VERY STABLE, RISK-AVERSE INVESTMENT OPPORTUNITY!

Location

State MA

County Suffolk

Area Hyde Park

Zoning NS-2

Direction Perfect Cleary Square location mere steps to Commuter Train & shops along Hyde Park Avenue.

Exterior

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Bike Path, Conservation Area, Highway Access, T-Station

Total Parking Spaces 15

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Insight Realty Group, Inc.
Bought with Steven Musto • Insight Realty Group, Inc.
Katie Gellenbeck

Katie Gellenbeck

Advisor | License ID: 9558572

+1(206) 852-2256

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