19-27 Elmwood Park

    Quincy, MA 02170
    • $2,600,000
    • STATUS: Under Agreement
    • MLS #: 72349675
    Pending
    UPDATED: 114 min ago
    $2,600,000
    • 22
      BEDS
    • 0.6
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 9,750
      SQFT
    • $267
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Lisa Berry of Lisa Berry Properties.

    Description

    Great investment opportunity in the beautiful Wollaston neighborhood of Quincy. Rare opportunity to purchase 2 multi-family buildings (Separately Deeded and 6 units each) with a 22 space parking lot in rear. Each building has 5-two bedroom units and 1-one bedroom unit. All 2 bedroom units have the same layout and all units have separate utilities except for one of the 1 bed units. All units are Tenancy at Will. Roofs stripped and newly installed in 2016. New central fire alarm system in 2017. Coin operated laundry in each building. Property is very close to Andrews Park in East Milton and a short distance to the Wollaston T station and East Milton Square where there are Restaurants, Shopping and a nice market. Close proximity to Rt. 93 and Rt. 3. Excellent NOI with room to increase as rents are at the lower end of the Quincy market. Please see attached NOI/Cap Rate statement. Letters of full initial lead inspection compliance for every unit/common area will be provided.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-12-10T23:47:10.91.
    www.westcottproperties.com/homes/84855777

    19-27 Elmwood Park Quincy, MA 02170

    • Price: $2,600,000
    • Status: Under Agreement
    • Updated: 114 min ago
    • MLS #: 72349675
    22
    Beds
    12
    Baths
    0
    ½ Baths
    0.6
    Acres
    9,750
    SQFT
    $267
    $/SQFT
    1966
    Built
    Neighborhood:
    Other
    County:
    Norfolk
    Area:
    Other
    Property Description
    Great investment opportunity in the beautiful Wollaston neighborhood of Quincy. Rare opportunity to purchase 2 multi-family buildings (Separately Deeded and 6 units each) with a 22 space parking lot in rear. Each building has 5-two bedroom units and 1-one bedroom unit. All 2 bedroom units have the same layout and all units have separate utilities except for one of the 1 bed units. All units are Tenancy at Will. Roofs stripped and newly installed in 2016. New central fire alarm system in 2017. Coin operated laundry in each building. Property is very close to Andrews Park in East Milton and a short distance to the Wollaston T station and East Milton Square where there are Restaurants, Shopping and a nice market. Close proximity to Rt. 93 and Rt. 3. Excellent NOI with room to increase as rents are at the lower end of the Quincy market. Please see attached NOI/Cap Rate statement. Letters of full initial lead inspection compliance for every unit/common area will be provided.
    Exterior Features

    Beach Description Ocean Beach Miles To 1 To 2 Mile Beach Ownership Public Beachfront Yes Construction Frame Exterior Aluminum Foundation Poured Concrete Garage Spaces 0 Lot Description Paved Drive Parking Features Off-StreetAssignedOther (See Remarks) Parking Spaces 22 Road Type PublicPaved Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

    Interior Features

    Appliances Unit1 RangeDishwasherMicrowaveRefrigerator Appliances Unit2 RangeDishwasherMicrowaveRefrigerator Appliances Unit3 RangeDishwasherMicrowaveRefrigerator Appliances Unit4 RangeDishwasherMicrowaveRefrigerator Basement Yes Basement Features Partially FinishedConcrete Floor Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Cooling Unit1 Wall Ac Cooling Unit2 Wall Ac Cooling Unit3 Wall Ac Cooling Unit4 Wall Ac Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Floors Unit1 3 Floors Unit2 3 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heating Unit1 Electric BaseboardIndividualUnit Control Heating Unit2 Electric BaseboardIndividualUnit Control Heating Unit3 Electric BaseboardIndividualUnit Control Heating Unit4 Electric BaseboardIndividualUnit Control Hot Water ElectricTank Interior Features Unit1 Ceiling FansCable Tv AvailableBathroom With Tub & Shower Interior Features Unit2 Ceiling FansCable Tv AvailableBathroom With Tub & Shower Interior Features Unit3 Ceiling FansCable Tv AvailableBathroom With Tub & Shower Interior Features Unit4 Ceiling FansCable Tv AvailableBathroom With Tub & Shower Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 20 Rooms Common Laundry Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 4 Rooms Unit2 4 Rooms Unit3 4 Rooms Unit4 4

    Property Features

    Amenities Public TransportationShoppingTennis CourtParkGolf CourseHighway AccessHouse Of WorshipPublic SchoolT-Station Apod Available No Assessments 1907800.00 Disclosure No Disclosures Letters Of Full Initial Lead Inspection Compliance For All Units And Common Areas. Both Roofs Stripped And Replaced in 2016. Off Street Parking Lot22 Assigned Spaces. Units 100% Occupied All Tenants Have Tenancy At Wills. Noi And Cap Rate Statement Attached. Seller is A Licensed Real Estate Agent. Electric Features Circuit Breakers Expenses Source Owner Provided Expenses Year End 12/17 Gross Operating Income 224000 Lead Paint Certified Treated Lease Unit1 N Lease Unit2 N Lease Unit3 N Lease Unit4 N Lender Owned No Multifamily Type 5-9 Family Net Operating Income 160805 Rent Description Unit1 WaterHot Water Rent Description Unit2 WaterHot Water Rent Description Unit3 WaterHot Water Rent Description Unit4 WaterHot Water Rent Unit1 1600 Rent Unit2 1600 Rent Unit3 1600 Rent Unit4 1575 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Letters Of Full Initial Lead Inspection Compliance For All Units And Common Areas Sq Ft Source Owner Tax Year 2018 Taxes 25678.00 Water City/Town Water Year Built Description Actual Year Built Source Public Record Zoning Res B

    Listing information © 2018 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Lisa Berry of Lisa Berry Properties.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2018-12-10T23:47:10.91.
     
    Westcott Properties
    178 Broadway
    Providence RI, 02903
    Listing courtesy of Lisa Berry of Lisa Berry Properties.