Property Description

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.