138 Grand View Ave 3 Unit Apartment Building $1,895,000 ($631,667/Unit) 2.64% Cap Rate Quincy, MA 02170

Turn-key business opportunity to own and manage a 12 bedroom rental property in highly desirable location in Quincy, MA. Fully furnished and 100% occupied with long-term tenants with a 10% cap rate. Solid investment opportunity towards owning the historic Victorian multi-family property atop Wollaston Hill in Quincy, MA.

1. Excellent location that is walking distance to the Red Line train station (at Wollaston/Quincy) and MBTA bus stop is a block away at the bottom of the hill.
?
2. House has massive expansion potential with 2 separate dry, walk-out basements (NOT bulkheads) with full sized windows and high ceilings.
?
3. Further expansion potential is an attic room with a loft that has a skylight already installed - ready to be finished and make it the 13th bedroom.
?
4. Highly desirable, safe, and quiet neighborhood atop Wollaston Hill in an excellent school district.
?
5. Walk to coffee shops, restaurants, 24-hour CVS, supermarkets, library, post office, and Wollaston Beach.
?
6. 100% occupancy since 2003 when I bought the property.
?
7. Eight (8) off-street parking spaces; a 3-car garage, and a tool shed.

Other interesting details

1. Grandview Avenue was voted 4th best street on which to live in the Boston area by Boston Magazine.
?
2. House is built on a granite foundation (from the Quincy quarries) and has a solid structure.
?
3. Built in 1896 on the former estate of President John Adams and John Quincy Adams, the house and the street have a lot of historic details.
?
4. All windows were replaced, original hardwood and parquet floors throughout, and forced hot air ducts.
?
5. Overlooks a massive gorgeous Copper Beech tree that was planted by President John Quincy Adams.
?
6. Tree-lined streets atop Wollaston Hill alongside other historic Victorians and Colonials.
?
7. No flood insurance needed due to being on a hill; both duplex basements are dry.
?
8. Widow’s Walk has views of the Boston skyline and ocean skyline.
?
9. Two original fireplaces; a formal foyer with a good morning, double staircase; a servant's passthrough into the pantry; and other historic details remain.
10. Fully furnished with immediate rental income.