16 Mitchell Street presents a rare opportunity to acquire a value-add asset in South Boston’s rapidly evolving Andrew Square corridor, a market with limited entry opportunities. Located just moments from the transformative Washington Village development, the property stands to benefit from one of the area’s most significant redevelopment projects, bringing new residential housing, retail, public spaces, and infrastructure improvements to the neighborhood. The building features renovated, bright living spaces with thoughtful updates and strong rental appeal. While the units are move-in ready, the property still offers meaningful upside for investors or owner-occupants. Slight adjustments such as adding central-air, creates the potential to increase rental income and overall asset value. There is also the possibility to expand into the basement, offering a path to capture additional square footage and enhance long-term value.
16 Mitchell St, Boston, (South Boston's Dorchester Heights), MA, 02127
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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