56-58 Bowdoin Ave, Dorchester, MA 02121

Over the past 7 year this massive property has been transformed into the lean & mean income generating machine it is today. All 31 units are made up of one or two bedrooms limiting the total # of people inside each apartment and keeping maintenance related costs at a minimum. Almost all of the units have been updated within the past 7 years and a majority of potential capital projects have already been done as well. There is a driveway leading to 15+ off street parking spaces in the rear of the property. Of the 600K in annual gross rent that is paid at the property only 14% of the total is actually paid by the tenants with the remaining 86% coming from a variety of different housing agencies and non-profit organizations. The sale comes with a an additional lot located at 46 Bullard Street which is included within the asking price for the property. The lot is 3,060 SF in size and may offer some development potential for the new owner.