Unit Information
Exceptional opportunity for investors or owner-occupants seeking a turn-key, low-maintenance multi-family property in the desirable City of Quincy. This 3-unit building offers strong income potential with flexibility for both investment and owner-occupancy.Extensive renovations were completed in 2019–2020, including updated kitchens and bathrooms in all units, minimizing immediate capital expenses. One unit is currently vacant, one unit is leased at $2,900/month, and one unit is tenant-at-will, offering a value-add opportunity to increase rents to market rate. 8% Cap Rate before expenses using $7,900 rent and $1.2M price point. 5.6% Cap Rate net, using a 30% rate for taxes/insurance/maintenance/vacancies.Conveniently located on a quiet residential street, close to Quincy Center, Hingham Shipyard, major highways, shopping, restaurants, and public transportation. Walking distance to Bay Point Waterfront and Avalon Beach.
- Additional Details
- Status: NEW
- Type: Multi-Family, 3 Family - 3 Units Up/Down
- Zip Code: 02169
- Levels: 3
- Parking
- Garage Capacity: 1
- Parking: Paved Drive
- Parking Spaces: 1
- Rooms and Dimensions
- Total Units: 3
- Total Floors: 3
- Total Rooms: 14
Loading...
$1,200,000
- Status: New
- Listing ID: 73486856
- Bedrooms: 8
- Full Baths: 3
- Living Area: 2,784 sqft Convert
- Lot Size: 3,611 sqft Convert
- Acres: 0.08
View description
Luxury Residential Group
(617) 233-5800
Receive more info or arrange a tour
When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.
LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |