2 Waumbeck St Boston, MA 02121

This exceptional mixed-use property, situated at 2 Waumbeck Street in Boston, MA, presents a unique investment opportunity. Spanning 0.18 acres, this five-unit building sits conveniently on the Dorchester/Roxbury line, a highly sought-after location. The ground floor currently boasts a sizable office space, complete with high ceilings, multiple work areas, and two bathrooms, offering immediate income potential. The upper floors comprise three two-bedroom, one-bathroom residential units of varying sizes, and one larger three-bedroom, one-bathroom unit. While these residential units could benefit from some modernization, this presents a chance to increase rental income significantly. Importantly, the property already has approved plans for a substantial expansion and conversion. These plans detail the creation of six three-bedroom, one-bathroom residential units, along with a basement office space, dramatically increasing the property's rental yield. The approved expansion also includes a roof raise to the third floor, allowing for the creation of additional living space. This makes the property ideally suited for conversion into a high-performing multi-family building or even a condominium project. Adding to its appeal, the property includes ample parking and a heated driveway, providing year-round convenience for tenants and residents. This is a rare chance to acquire a property with approved plans for significant expansion in a high-demand Boston neighborhood. The combination of existing income potential and the approved expansion plans makes this an attractive proposition for both investors and developers seeking a high-return investment.