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Expired

88-92 Old Colony Ave, Quincy MA 02170

$2,100,000

Estimated $4,751.19/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $350,000

Total Rent: 90600/year

Estimated CAP Rate: 3.07%

14 Bedrooms

6 Full Baths

5,664 SqFt

Total Parking: 14 (3 Garage)

7,427 SqFt

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.

This home has been viewed 38 times

Last Checked: May 6th, 2024 at 11:21pm (Source: MLS PIN #73044819)

Gross Income: $90,600

Gross Expenses: $26,181

Net Income Calc: $64,419

CAP Rate: 3.07%

Beach Front

Annual Expenses for 88-92 Old Colony Ave, Quincy MA 02170

Total Gross Expenses (Calculated)$26,181/year

APOD AvailableYes

Heating

Electricity

Water$4,902

Gas$4,902

Insurance$5,127

Sewer$4,902

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$16,152.60

Annual Income & Unit Breakdown for 88-92 Old Colony Ave, Quincy MA 02170

Total Gross Income (Calculated)$90,600

Unit 1

Rental Income$1,850

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$1,650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,950

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$2,100

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 88-92 Old Colony Ave, Quincy MA 02170

Listing ID73044819

Property TypeMulti Family / 5+ Family

Price$2,100,000 ($370.76/SqFt)

Style5-9 Family

CityQuincy

CountyNorfolk

MLS Area

Neighborhood(s)

Approximate Living Area Total5,664 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking14 (3 Garage)

Garage Parking3 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningRES B

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 88-92 Old Colony Ave, Quincy MA 02170

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$10,029

Total Gross Income By Broker$112,800

Total Net Income By Broker$112,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 88-92 Old Colony Ave, Quincy MA 02170

Real Estate Taxes$16,152.60

Tax Year2022

Assessed Value$1,348,300

Financial Data Source

Total Gross Expenses By Broker$10,029

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$112,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$112,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.07%

Location Information for 88-92 Old Colony Ave, Quincy MA 02170

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 88-92 Old Colony Ave, Quincy MA 02170

Agent

Name: Danny Zheng

Office

Name: Keller Williams Realty

Phone: 781-843-3200

Payment Calculator

, Interest

Property Taxes 1346.05

Principal & Interest 12939.53

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Danny Zheng

Agent Phone

Office Phone

(781) 843-3200

Text Agent Call Agent Call Office

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    [zoning] => RES B
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EXIT

Expired

88-92 Old Colony Ave, Quincy MA 02170

$2,100,000

Annual Expenses for 88-92 Old Colony Ave, Quincy MA 02170

Annual Income & Unit Breakdown for 88-92 Old Colony Ave, Quincy MA 02170

General Information for 88-92 Old Colony Ave, Quincy MA 02170

Disclosures for 88-92 Old Colony Ave, Quincy MA 02170

Financial Information for 88-92 Old Colony Ave, Quincy MA 02170

Location Information for 88-92 Old Colony Ave, Quincy MA 02170

Contact Information for 88-92 Old Colony Ave, Quincy MA 02170

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Keller Williams Realty

Danny Zheng