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$2,100,000
Total Beds: 14 Total Baths: 6
Total Units: 6 SQFT: 5664
LOT size: 0.17 Acres
88-92 Old Colony Ave
Quincy, MA 02170
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This Property is No Longer Available

Property Description

Rarely available 6-family investment opportunity in the highly desirable Wollaston location, within a short walk to the Redline T station, restaurants, supermarket, and easy highway access. This oversized 6-family was completely gut-renovated and updated in 1997 and has been well-maintained since. Each unit boasts a unique layout, spread over a mix of 2 & 3 bedrooms, all with large kitchens and baths, and several with private covered porches. Three basements with common storage, one of which has coin-operated laundry. Abundant parking includes a paved driveway with two tandem lanes and an individual spot, as well as three garages and another 3 paved spaces in the back of the building. A lot of rooms to grow in the rent roll, and great value add when Wollaston Urban Revitalization is completed.

Property Details

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Bedrooms: 14
  • Total Full Baths: 6
  • Basement Features: Concrete Floor, Full
  • Common Rooms: Laundry

Financial

  • APOD Available: Yes
  • Gross Operating Income: 112800
  • Gross Expenses: 10029
  • Water/Sewer: 4902
  • INSC: 5127
  • Net Operating Income: 112800

Utilities

  • Heat Zones: 6
  • Hot Water: Natural Gas
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Window AC
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Window AC
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Window AC
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Window AC
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Granite
  • Lead Paint: Yes
  • Year Round: Yes

Other Information

  • MLS ID# 73044819
  • Last Updated: 10/20/22

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Map

Seller's Representative: Danny Zheng, Keller Williams Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
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 2022-10-20 10:50:00

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