Property Description

Exceptional opportunity for investors or owner-occupants seeking a turn-key, multi-family property in the City of Quincy. This 3-unit building offers strong income potential w/ flexibility for both investment and owner-occupied. Extensive renovations were completed in 2019–2020, including updated kitchens and bathrooms in all units, minimizing immediate capital expenses. One unit is currently vacant $3,100, one unit is leased at $2,900/month, and one unit is tenant-at-will $1,850, offering a value-add opportunity to increase rents to market rate. 8% Cap Rate before expenses. 5.6% Cap Rate net, using a 30% rate for exp & 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. Some photos include virtual staging. Basement w/ high ceilings, offering great storage or future potential (buyer agent to do due diligence)