Investment Analysis — 73 Draper St

Welcome to 73 Draper Street, a 3,870 square foot three family in the heart of Dorchester offering nine bedrooms, three full baths and the kind of scale that is getting harder to find anywhere in Boston. Each unit features a spacious six room layout with three legal bedrooms and a full bath, and two of the units have been used as four bedroom layouts, giving buyers extra flexibility. All three units have been updated over the last two years, and separate heating systems for each unit keep operations simple. Built in 1910, this classic Boston multifamily pairs turn of the century character with room to grow.The upside is real. Cosmetic and curb appeal improvements give the next owner a clear path to added equity on top of a solid, income producing Boston asset. Live in one unit and let the other two help carry the mortgage, or hold all three for long term rental income and appreciation. Seller can deliver fully tenanted or with one or two units vacant, making this an ideal fit for owner occupants and buy and hold investors alike.Upgrade incentives can help stretch your dollars further. Eligible buyers may be able to tap into Mass Save rebates and 0% HEAT Loan financing for heat pumps and weatherization, the Boston Home Center Home Repair and Improvement Program (interest free deferred loans up to $50,000 for income eligible owner occupants of one to four family homes), MassHousing Get the Lead Out financing, Lead Safe Boston assistance, and the Massachusetts lead paint tax credit of up to $3,000 per unit. Program terms and eligibility vary, so buyers should verify directly with each program.Square footage, location and upside in one Boston address. Open House Saturday, September 26 from 11:00 AM to 12:00 PM.