Exceptional opportunity for investors or owner-occupants seeking a turn-key, multi-fam property in Quincy. This 3-unit building offers strong income potential w/ flexibility for both investment and owner-occupied. Extensive renovations were completed in 2019–2020, including updated kitchens and bathrooms in all units, minimizing immediate capital expenses. One unit is currently vacant $3,100, one unit is leased at $2,900/month, and one unit is tenant-at-will $1,850, offering a value-add opportunity to increase rents to market rate. 8% Cap Rate before expenses. 5.6% Cap Rate net, using a 30% rate for exp & vacancies. Conveniently located on a quiet residential street, close to Quincy Center, Hingham Shipyard, major highways, shopping, restaurants, and public transportation. Walking distance to Bay Point Waterfront and Avalon Beach. Some photos include virtual staging. Basement w/ high ceilings, offering great storage or future potential (buyer agent to do due diligence)
67 Cleverly Ct, Quincy, MA, 02169
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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