175-179 Wolcott Sq, Hyde Park, MA 02136

Property Details for 175-179 Wolcott Sq

Year built

1920

Construction

FRAME

Lot size

0.14 lot acres

Zone code

RC

Property type

Investment properties

Property subtype

Live-work space

APN

HYDE W:18 P:09488 S:000

APU

HYDEW18P09488S000

Description

This exceptional mixed-use property, located at 175-179 Wolcott Square in Boston's Readville neighborhood (zip code 02136), presents a compelling investment opportunity. The 5,166 square foot building, constructed in 1920, sits on a 6,040 square foot lot and features a desirable mix of retail and residential units, minimizing investment risk. Currently housing four tenants, the property boasts a strong net operating income (NOI) of $141,600, yielding a 5.50% capitalization rate. The property is zoned CR and benefits from a triple net (NNN) lease structure for the retail space, incorporating price index increases every three years. One retail tenant, a liquor store, is secured under a long-term lease with approximately 19.7 years remaining. The building's two stories offer a blend of commercial and residential spaces. Its strategic location provides convenient access to the Readville commuter rail station, just 200 yards away, and enjoys proximity to Milton and Dedham. This property offers immediate cash flow and significant potential for long-term growth in a thriving market, with opportunities to increase apartment rental income. The asking price is $2,500,000.

Location Insight

City

Hyde Park

County

Suffolk

State

Massachusetts

Longitude

-71.1325

Latitude

42.2371

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments