67 Cleverly Ct, Quincy, MA, 02169
Property Details
8
3
multi family
Description
Multi Family in Quincy, MA - Bedrooms: 8 - Bathrooms: 3 - Area: 2784 sqft - Year Built: 1910 - Lot: 3611 sqft
Listing Agent: Maria Terova Brokerage: William Raveis R.E. & Home Services
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)
Location
Address
67 Cleverly Ct, Quincy, MA, 02169
City
Quincy
Features and Finishes
Bedrooms: 8, Total Rooms: 14, Total Bathrooms: 3, Full Bathrooms: 3, Flooring: Hardwood, Lot Size Acres: 0.0828972, Lot Size Square Feet: 3611, Open Parking: Yes, Parking Features: Paved Drive, Parking Total: 1, Gross Income: 70200, Number of Units: 3, Annual Tax Amount: 10141, Source Listing Status: Active, County: Norfolk, Directions: Near Fore River Bridge, Tax Year: 2025, Source Property Type: Residential Income, Home Warranty: No, Insurance Expense: 3300, Parcel Number: M:2068 B:22 L:3,179148, Zoning: BUSB, Property Subtype: 3 Family - 3 Units Up/Down, Net Operating Income: 65150, Operating Expense: 5050, Total Square Feet Living: 2784, Year Built: 1910, Above Grade Finished Area: 2784, Building Area Total: 2784, Building Area Units: Square Feet, Foundation Details: Concrete Perimeter, Levels: 3, Property Age: 116, Levels or Stories: 3, Building Total Stories: 3, Year Built Details: Actual, Year Built Source: Public Records, Electric Expense: 250, Sewer: Public Sewer, Water Sewer
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