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31 Oakwood Street, DorchesterBoston, MA 02124MLS Number 72247216

  • Price: $925,000The price has recently decreased
  • Est. Mortgage of $/month
  • 29 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 3.86% last updated on 2017-08-24

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 12Bedrooms
  • 6Bathroom
  • 4140Square Feet
  • 0.11Acreage

THIS ABSOLUTELY BEAUTIFUL 3 DECKER WAS BUILT FROM GROUND UP IN 2006 AND IS THE VERY DEFINITION OF A HASSLE FREE INVESTMENT PROPERTY. WITH EVERYTHING NEW IN 2006 AND EVERYTHING DONE RIGHT ALL THE NEW OWNER NEEDS TO DO IS DECIDE IF THEY WANT TO COLLECT CURRENT SUBSIDIZED TENANTS 3 BEDROOM RENTS OF $6,259 PER MONTH AND PURSUE THE USUAL ANNUAL INCREASES OR IF THEY WANT TO CONVERT THE UNITS TO 4 BEDROOMS WHENEVER THERE IS A TURNOVER AND INCREASE THE MONTHLY RENTAL POTENTIAL FOR EACH UNIT BY 12% WITH THE ADDITIONAL BEDROOM. THE CURRENT OWNER HAS DONE IT ALL, FROM RENTING TO THE RIGHT TENANTS TO THE BUILDING OF THE PROPERTY ITSELF AND THIS PRIME ASSET IS POISED FOR A SAVVY INVESTOR TO SNATCH IT UP AND SET BACK WHILE THEY LET THEIR MONEY EARN THEM MORE MONEY EACH AND EVERY MONTH!!! ALL UNITS HAVE CENTRAL AC AND TWO FULL BATHROOMS ALONG WITH HARDWOOD FLOORS AND WALK IN CLOSETS. THE QUALITY AND CONDITION OF THIS PROPERTY ALSO PROVIDES A FUTURE CONDO CONVERSION OPPORTUNITY DOWN THE ROAD AS WELL.

Listed by Benjamin Virga and Luke Marut of Bridgestone Properties, LLC

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Marsh Properties
30 Newbury Street, 3rd Floor
Boston MA, 02116

Office: (617) 716-0240

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  • StreetOakwood Street
  • Street No31
  • TownBoston
  • Building Number31
  • StateMA
  • Zip02124
  • NeighborhoodDorchester
  • CountySuffolk

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  • Property Type3 Family
  • View Count2

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