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You are here:
11 Days on Boston Pads
14 Photos
$1,500,000
4 Unit
4 Beds
4 Baths
3544 SQFT
0.16 Acre
431 Adams
Quincy, MA 02169

Property Description

The Adams Street Apartments is a four-family property consisting of (4) one-bedroom units. Each floor has a shared decks in the rear & free common washer & dryer in the basement for tenants. Tenant paid utilities with ample off-street parking. One renovated unit is left vacant for a potential owner occupier or newly desired tenant.This well-maintained, four-unit multifamily building presents a compelling opportunity for investors seeking stable, long-term returns in the thriving Greater Boston market with its current condition and overall upside.All interested & qualified parties will have the opportunity to tour the property during scheduled appointments and obtain additional information upon request.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Basement Features: Garage Access
  • Common Rooms: Dining Room, Kitchen, Living Room

Financial

  • APOD Available: Yes
  • Gross Operating Income: 80640
  • Gross Expenses: 27530
  • Electric Expenses: 540
  • Water/Sewer: 3200
  • INSC: 4000
  • Repairs & Maintenance: 2000
  • Management Fee: 4032
  • Miscellaneous Expense: 600
  • Net Operating Income: 53109

Utilities

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

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1935
  • Type: 4 Family
  • Construction Type: Brick
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73267926
  • Last Updated: 07/26/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
07/26/2024Active$1,500,000$423MLSPIN
07/22/2024New$1,500,000$423MLSPIN

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Seller's Representative: Richard Welch, Northeast Private Client Group, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

© 2024 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 2024-07-26 15:19:00

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