Off-Market Condo at 88 Walnut St, Dorchester, MA 02122
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88 Walnut St, Dorchester, MA 02122

Unit - #2

$599,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $248 per day and long-term for an average of $3,350 per month, based on similar listings in the area. Estimated short-term cap rate of 2.3%. Estimated long-term cap rate of -1.5%. Welcome to coveted Port Norfolk! Oversized 3 bed 1 bath with deeded parking is a rare find in one of Dorchester’s most desirable neighborhoods. There is plenty of space for entertaining in the sun splashed large living room with bow front windows & water views, designated dining room and eat-in kitchen with open window to dining room. Latest upgrades include brand new HVAC system, new W/D, recessed lighting and kitchen flooring. There are three generous size bedrooms can all fit queen/king beds with custom built in closets. Central AC, laundry room, abundance of storage, outdoor space all complete this wonderful condo like no other in one of Boston’s hidden gems- Port Norfolk. The unbeatable location offers access to the Neponset River walk for bike/walk trails on the water, a short distance to neighborhood restaurants, winery, distillery, yacht club and a commuters dream just minutes to I-93. First showings at open houses Sat&Sun 1pm-2:30pm!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$343
Rental Policy
daily
Yearly Taxes
$6847
Bedrooms
3
Bathrooms
1
SQFT
1,334
Furnished
N/A
Year built
1900
Listing Status
Off Market
MLS
73351362

Short-term Rental Potential
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$63,144

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$449

Price/SQFT

Long-term Rental Potential
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$40,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,350/mo

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