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 | 73301721 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active |
Year | 1900 |
Days On Site | 55 |
Listing Provided By | William Raveis R. E. & Home Services | The Cobi Team |
Beds | 6 |
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Baths | 4 Total |
Sq Feet | 3,648 |
Basement | Y |
Pool | Yes |
Storys | 7 |
Units | 3 |
Zoning | GB |
Acreage | 0.39 |
State | MA |
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County | Norfolk |
City | Dedham |
Zip Code | 02026 |
Area | Norfolk |
School District | Dedham |
Elementary School | Dedham Public |
Middle School | Dedham |
High School | Dedham |
Listing VS Median (in 02026) | |
Price: $1,250,000 low | high Med: $779,000 SqFt: 3,648 low | high Med: 1,748 $ / SqFt: $343 low | high Med: $446 On Site: 55 low | high Med: 25.000000 |