138 Grand View Ave - Apartments FOR SALE


Quincy, MA 02170- Wollaston
$1,895,000 USD
617-335-8128
138 Grand View Ave, Quincy, MA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/18
null | 2.64% Cap Rate

138 Grand View Ave
Quincy, MA 02170
Wollaston


OVERVIEW

Turn-key business opportunity to own and manage a 12 bedroom rental property in highly desirable location in Quincy, MA. Fully furnished and 100% occupied with long-term tenants with a 10% cap rate. Solid investment opportunity towards owning the historic Victorian multi-family property atop Wollaston Hill in Quincy, MA. 1. Excellent location that is walking distance to the Red Line train station (at Wollaston/Quincy) and MBTA bus stop is a block away at the bottom of the hill. ? 2. House has massive expansion potential with 2 separate dry, walk-out basements (NOT bulkheads) with full sized windows and high ceilings. ? 3. Further expansion potential is an attic room with a loft that has a skylight already installed - ready to be finished and make it the 13th bedroom. ? 4. Highly desirable, safe, and quiet neighborhood atop Wollaston Hill in an excellent school district. ? 5. Walk to coffee shops, restaurants, 24-hour CVS, supermarkets, library, post office, and Wollaston Beach. ? 6. 100% occupancy since 2003 when I bought the property. ? 7. Eight (8) off-street parking spaces; a 3-car garage, and a tool shed. Other interesting details 1. Grandview Avenue was voted 4th best street on which to live in the Boston area by Boston Magazine. ? 2. House is built on a granite foundation (from the Quincy quarries) and has a solid structure. ? 3. Built in 1896 on the former estate of President John Adams and John Quincy Adams, the house and the street have a lot of historic details. ? 4. All windows were replaced, original hardwood and parquet floors throughout, and forced hot air ducts. ? 5. Overlooks a massive gorgeous Copper Beech tree that was planted by President John Quincy Adams. ? 6. Tree-lined streets atop Wollaston Hill alongside other historic Victorians and Colonials. ? 7. No flood insurance needed due to being on a hill; both duplex basements are dry. ? 8. Widow’s Walk has views of the Boston skyline and ocean skyline. ? 9. Two original fireplaces; a formal foyer with a good morning, double staircase; a servant's passthrough into the pantry; and other historic details remain. 10. Fully furnished with immediate rental income.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

3

PRICE/UNIT

$631,667

CAP RATE

2.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1896

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,900 SF

ZONING

RESA

APN/PARCEL ID

QUIN-005191-000008-000003

ASK ABOUT THIS PROPERTY

Julie GreenJulie GreenMore Info
617-335-8128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Julie GreenJulie GreenMore Info
617-335-8128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.