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In-PersonVirtual Tour
$ 2,199,000
Est. payment | /mo
6,969 Sqft Lot
$ 2,199,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73582985
HOA Y/N false
Year Built 1900
Annual Tax Amount $24,196
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Excellent opportunity to acquire a fully leased, income-producing retail property along Blue Hill Avenue in Mattapan. This approximately 7,000 SF, two-story commercial building is 100% occupied by multiple tenants and generates approximately $205,572 in annual NNN income, or $17,131 per month. Offered at $2,199,000, the property delivers an attractive approximately 9.35% capitalization rate, providing a new owner with immediate cash flow and an established income stream from day one.Located along one of Mattapan's primary commercial corridors, this stabilized investment offers a compelling combination of full occupancy, multiple income streams, NNN tenancy, and strong in-place yield. The property is well suited for investors seeking a passive-income commercial asset with Boston real estate exposure and the benefit of established tenancy in a well-known neighborhood.
Location
State MA
County Suffolk
Zoning commercial
Direction Google
Exterior
Utilities Available Public Water
Others
Senior Community false
Listed by Venture Point Commercial Advisors LLC