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240-242 Southern Artery, Quincy MA 02169

$1,060,000

Estimated $2,428.03/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $530,000

Total Rent: 62400/year

Estimated CAP Rate: 5.08%

5 Bedrooms

3 Full Baths

3,200 SqFt

Total Parking: 6 (1 Garage)

4,917 SqFt

Great opportunity to live near the water (water views!) and/or earn rental income in this well maintain two family home in one of the best and beautiful neighborhoods of Quincy. Only a short distance from Wollaston Beach and Quincy Center. This classic and charming property is filled with sunlight and character. Both units have been recently renovated, hardwood and tile floors, good size bedrooms, modern kitchen and appliances, new windows, updated bathrooms, front and back porches, plenty of storage in the basement and fully finished walk-up attic, as well as 2 useable garages and good amount of off street parking. Relax and enjoy the serenity in the back garden that completes this property. This wonderful property will make a great home and/or investment for any new owner.

This home has been viewed 79 times

Last Checked: May 17th, 2024 at 4:18am (Source: MLS PIN #73213141)

Gross Income: $62,400

Gross Expenses: $8,511

Net Income Calc: $53,889

CAP Rate: 5.08%

Water Views

Beach Front

Annual Expenses for 240-242 Southern Artery, Quincy MA 02169

Total Gross Expenses (Calculated)$8,511/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,511

Annual Income & Unit Breakdown for 240-242 Southern Artery, Quincy MA 02169

Total Gross Income (Calculated)$62,400

Unit 1

Rental Income$2,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,800

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 240-242 Southern Artery, Quincy MA 02169

Listing ID73213141

Property TypeMulti Family / 2 Family

Price$1,060,000 ($331.25/SqFt)

Style2 Family - 2 Units Up/down

CityQuincy

CountyNorfolk

MLS Area

Neighborhood(s)

Approximate Living Area Total3,200 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6 (1 Garage)

Garage Parking1 / Detached

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRESB

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesPond, Beach Front, 1/10 To 3/10 To Beach, Waterfront

Energy Features

Terms

Disclosures for 240-242 Southern Artery, Quincy MA 02169

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$62,400

Total Net Income By Broker$62,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 240-242 Southern Artery, Quincy MA 02169

Real Estate Taxes$8,511

Tax Year2024

Assessed Value$7,552,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$62,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$62,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.08%

Location Information for 240-242 Southern Artery, Quincy MA 02169

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 240-242 Southern Artery, Quincy MA 02169

Agent

Name: Jing Zheng

Office

Name: Keller Williams Realty

Phone: 781-843-3200

Payment Calculator

, Interest

Property Taxes 709.25

Principal & Interest 6531.38

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Jing Zheng

Agent Phone

Office Phone

(781) 843-3200

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[uffi] => Array
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EXIT