38 Stock Street Dorchester, MA

Disposition Photos

This property was listed and sold through the MLS. The project underwent a major renovation, was staged for a modern look and feel, and professional photos were taken to demonstrate it’s stand-out features.

Acquisition Photos

This property was highly distressed at the time of acquisition. The seller had dozens of cats, 3 dogs, and was a hoarder.

Project KPIs

Acquisition and Project Basics

Project Type: Fix and Flip

Property Characteristics: 2 bed, 1.5 bath Townhouse Style Condo

Location: Dorchester, MA

Acquisition Source: Off Market, Agent Pocket Listing

Construction/Improvement Timeline: 2 month

Total Timeline: 3.5 months

High Level Financials

Acquisition Price: $425,000

Rehab & Carrying Costs: $125,000

Disposition Price: $638,000

Investment Metrics

Debt or Equity: Private lender, 80% LTC on purchase and $85,000 towards construction

Investor Returns: $17,500 (10.5% interest rate on all borrowed funds)

Value Add Summary

High Level Scope of Work:

Deep cosmetics throughout
Minor layout change
This location was an amazing, centrally located parcel, great for a walker’s lifestyle.
Providing a turn-key, modern condo with ample living and outdoor space was poised to sell faster than the traditional 3-decker condos in high-supply.

Value Add Highlights:

We became the first condo in the complex to add a retractable awning and to pour a large patio pad. All of the HOA owners wanted to mirror this once we sold.
Dressed up the garage for better curb appeal at the open house.
All of the units in this complex had tiny kitchens, we blew open two walls and doubled the kitchen size, which certainly helped get $50k+ over the next highest selling unit in this complex.

Stock Street, Dorchester - After Remodel

Below are photos of the completed project at Stock Street in Dorchester. This home is walkable to all the amazing nearby amenities, public transit, and about 10 minutes to Logan.

Stock Street Dorchester - Before Remodel

Below are photos taken at the time of acquisition. This home hadn’t been updated since it’s construction in 1985.

STATUS: Sold