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!
Rare opportunity to own a majestic 2 family home located in the heart of historic Dedham Square. This property is currently being use for two professional office suites but has been approved as a 2 family home and has loads potential, including condo conversion!. Note: there is no kitchen in unit 1 and only a half bath in unit 1. The first floor unit consists of 4 rooms, a half bath and rear porch. The second floor unit features a rear porch, full bath, as well as 5 additional rooms including a kitchen. Curb cuts on both Washington St and School St lead to a paved parking lot for 6 cars behind the building. Updates include separate 100-amp electrical services, natural gas heat and hot water system, windows, roof, driveway and parking lot. The property is located in the opportunity filled Central Business Zoning District.
Dedham is located in Massachusetts. Dedham, Massachusetts has a population of 25,308. Dedham is less family-centric than the surrounding county with 30.53% of the households containing married families with children. The county average for households married with children is 36.79%.
The median household income in Dedham, Massachusetts is $108,047. The median household income for the surrounding county is $112,089 compared to the national median of $69,021. The median age of people living in Dedham is 43.1 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 48.6 inches per year, with 46.7 inches of snow per year.
