Boston – Wallace Property Company is nearing the completion of a three-story, 48-unit brick building renovation in Dorchester.
Wallace acquired the property from the Mayo Group in for a purchase price of $5.34 million.
The project includes renovations of kitchens and bathrooms, new floorings, and upgrading interiors and common areas, among other improvements.
“These units are located in an area where we own more than 35 other properties ,” said Robert Wallace, president of the company. “We specialize in buying residential properties, upgrading and improving them for the maximum comfort and convenience of our tenants and to maximize returns for our investors.