MA
Norfolk
Quincy
02169
67 Cleverly Ct
67 Cleverly Ct, Quincy, MA 02169
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Listing Type
Multi Family
Listing Status
Active
18
$1,200,000

Home Details for 67 Cleverly Ct

Price
$1,200,000
Type
Residential Income
Bedrooms
8
Total Bathrooms
3
Full Bathrooms
3
Square feet
2784
Year built
1910
Lot size acres
0.08
County
Norfolk
Total rooms
14
MLS Listing#
73486856
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.

Property Features
  • Water Features
    • Public
  • Parking
    • Paved
Listing Courtesy: William Raveis R.E. & Home Services - 781-828-4550
Presented by: Maria Terova
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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