19 Pleasant St, Dorchester, MA 02125

Description

19 Pleasant Street presents a rare opportunity to acquire a fully leased, high-performing multifamily asset in the heart of Savin Hill. Offering 12 bedrooms, 3 full bathrooms, 3 half bathrooms, and 4 off-street parking spaces, the property currently generates approximately $13,650 per month in rental income, and is being offered at a 6.44 Cap Rate. Renovated approximately 10 years ago, the building combines classic Boston Victorian Architecture with the finishes today's rental market demands. Granite countertops, stainless steel appliances, Central HVAC, hardwood floors, updated kitchens and baths, gas fireplaces in select units, and oversized private decks create a rental product that continues to attract strong demand. Four off-street parking spaces add another increasingly valuable amenity. But, the bigger story is what is happening around it. Savin Hill sits directly in the path of significant investment and redevelopment. South Bay has already transformed into a major mixed-use destination with new housing, restaurants, retail and entertainment. To the east, Columbia Point is entering another chapter of growth, led by Dorchester Bay City and additional planned development along the Morrissey Boulevard corridor.For an investor, that creates an attractive combination: strong existing income, a renovated and stabilized asset, and long-term exposure to one of Boston's most significant emerging development corridors.Minutes from Savin Hill and JFK/UMass Red Line stations, UMass Boston, South Bay, Columbia Point, beaches and downtown Boston, 19 Pleasant offers something increasingly difficult to replicate: scale, parking, strong rents and future upside in a supply-constrained Boston neighborhood. The income is already here. The neighborhood's next chapter is still being built.