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