9 Hannon St - Multi-Family FOR SALE


Boston, MA 02124- Franklin Field South
$5,875,000 USD
617-202-4029
9 Hannon St, Boston, MA for Sale
$5,875,000 USD
Multi-Family - FOR SALE
1/9
null | 6.95% Cap Rate


HIGHLIGHTS

  • Area Amenities & Demand Drivers
  • Nearby Higher Education
  • Desirable Brick Construction
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 9 Hannon Street in Dorchester, MA (the “Property”). The four-story brick building contains fifteen (15) 2-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1- Bathroom unit with 14,720 square feet of gross living area in 14,720 square feet of gross area. The Property is situated upon a 0.22-acre parcel and features over eight (8+) off-street parking spaces. The units, which feature luxury vinyl plank flooring, updated kitchens with granite counter tops and updated bathrooms with tile flooring and a tiled shower. The Property also offers an on-site laundry facility. Hannon Street Apartments offers the opportunity to acquire a well-maintained investment property with upside in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Property is ideally situated in the Dorchester neighborhood of Boston, steps away from the Morton Street MBTA Commuter Rail Station, also providing residents with convenient access to the Red and Orange MBTA Commuter Rails. The property benefits from proximity to major transportation corridors including Interstate 93, Morrissey Boulevard, and Columbia Road, providing efficient connectivity to Downtown Boston, the Seaport District, Cambridge, and the greater metropolitan area.

FOR SALE DETAILS

PRICE

$5,875,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

16

PRICE/UNIT

$367,188

CAP RATE

6.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hanon Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

DORC-000000-000014-003844

ASK ABOUT THIS PROPERTY

Nick BevilacquaHorvath & TremblayMore Info
617-202-4029

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Nick BevilacquaHorvath & TremblayMore Info
617-202-4029

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.