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$875,000
Total Beds: 4 Total Baths: 4
Total Units: 4 SQFT: 1888
LOT size: 0.12 Acres
122 Albatross Road
Quincy, MA 02169
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Property Description

Are you looking for an investment property in Quincy? This 4 unit apartment building located near the ocean (some water views) in Houghs Neck has been in the same family for 25+ years. Each unit is a 1 BR 1 Bath, currently renting at below market rents and are tenant at will. Property is located in Flood Zone AE. This property is in need of TLC and is ready for a new owner to improve and increase the ROI with current market rents. See MLS #73038290 12 Swan Road which is an ABUTTING 4 family, 1 BR 1 Bath property very similar to this property. All interested buyers/buyers agents advised to conduct their own due diligence on this property. Property is being SOLD in "as-is" "as-seen" condition without any "representations & warranties" expressed or implied. Offers MUST include proof of funds or pre-approval and allow 72 hours for seller's response. Due to Tenants we have specific showing times STARTING ON SAT 9/24 OPEN HOUSE 1-3 PM.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Amenities: Park, Public Transportation, Shopping
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 48900
  • Net Operating Income: 27681

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Extra Flue, Gas, Heat Pump
  • Cooling: None
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Extra Flue, Gas, Heat Pump
  • Cooling: None
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Extra Flue, Gas, Heat Pump
  • Cooling: None
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Extra Flue, Gas, Heat Pump
  • Cooling: None
  • Levels: 1

Construction

  • Year Built: 1955
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown

Other Information

  • MLS ID# 73038286
  • Last Updated: 09/24/22
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Anne Marie Oxner, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 1.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

© 2022 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2022-09-24 16:42:00

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