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Nova Suites 3 Cottage Ave

28 Unit Apartment Building $8,200,000 ($292,857/Unit) 5.31% Cap Rate Quincy, MA 02169

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Investment Highlights

Strong Cash Flow
Modern Design

100% Occupied & 100% Market Rate Units

Executive Summary

Presenting a prime investment opportunity in Quincy Center: 3 Cottage Avenue. This striking property, built in 2017, encompasses approximately 11,898 square feet and features 28 fully furnished residential units along with two ground-floor retail spaces. Boasting 100% occupancy and all market-rate units, it guarantees an immediate and reliable revenue stream.
Located in the vibrant heart of downtown Quincy, this modern low-rise offers an attractive mixed-use development opportunity in a flourishing market. With a solid rental history and contemporary design, it stands out as an excellent investment for those seeking a strategically positioned asset with robust cash flow.

3 Cottage Ave, Quincy V2 October 14, 2024

Property Facts

Price	$8,200,000	Building Class	B
Price Per Unit	$292,857	Lot Size	0.17 AC
Sale Type	Investment	Building Size	11,898 SF
Cap Rate	5.31%	Average Occupancy	93%
No. Units	28	No. Stories	3
Property Type	Multifamily	Year Built	2017
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$8,200,000
Price Per Unit	$292,857
Sale Type	Investment
Cap Rate	5.31%
No. Units	28
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.17 AC
Building Size	11,898 SF
Average Occupancy	93%
No. Stories	3
Year Built	2017
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.