Located on the Dorchester/Roxbury line, this mixed-use 5-unit building offers incredible potential. The first floor features a spacious office space with high ceilings, multiple work areas, and two bathrooms. Above, the upper two floors house three 2-bedroom, 1-bath units of varying sizes and a larger 3-bedroom, 1-bath unit. While the residential units need some updates, the possibilities are endless. The property comes with approved plans to convert into six 3-bedroom, 1-bath residential units and a basement office, maximizing income potential. The approved expansion includes a roof raise to the third floor, ideal for transforming this into a high-performing asset or condominium project. Additional perks include ample parking and a heated driveway for year-round convenience. Whether you're an investor or developer, 2 Waumbeck St offers a rare opportunity in a high-demand location.
2 Waumbeck St, Boston, (Roxbury), MA, 02121
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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