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21-21R Newcomb St

Quincy, MA 02169
  • $1,850,000
  • STATUS: Active
  • MLS #: 73014120
UPDATED: 47 min ago
$1,850,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Listing courtesy of Nick Rivers of Compass.

Description

Multi Family and separate Commercial building with 5 garage bays. Prime Quincy Center real estate. Multiple buildings containing a nice 2 family property located less than a half mile to Quincy Center Red Line. In the back lot is a 3550 square foot building with 5 garage bays and parking. Zoned Business C Central zoning. This property has great redevelopment potential with current location and potential great rent income potential while development is being prepared. The auto repair tenant is a TAW. First Floor of multi family is a TAW. Second floor of multi on lease until 6/30/2023 (could work with them if needed vacant). Properties must be sold together.NOI based on first floor of multi-family $1500/ month (under market). Second floor is $3,000 a month tenants on lease until 6/30/23 . 3 Bays being rented by auto repair shop- $3,500 a month. 2 Bays were being rented for vehicle storage for $2,000 a month (can continue). Seller not open to offers with permitting contingencies.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-08-09T13:05:39.71.
www.teamrosoremax.com/homes/131038789
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21-21R Newcomb St Quincy, MA 02169

  • Price: $1,850,000
  • Status: Active
  • On Site: Days
  • Updated: 47 min ago
  • MLS #: 73014120
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1900
Built
Neighborhood:
Quincy Center
County:
Norfolk
Area:
Quincy Center
Property Description
Multi Family and separate Commercial building with 5 garage bays. Prime Quincy Center real estate. Multiple buildings containing a nice 2 family property located less than a half mile to Quincy Center Red Line. In the back lot is a 3550 square foot building with 5 garage bays and parking. Zoned Business C Central zoning. This property has great redevelopment potential with current location and potential great rent income potential while development is being prepared. The auto repair tenant is a TAW. First Floor of multi family is a TAW. Second floor of multi on lease until 6/30/2023 (could work with them if needed vacant). Properties must be sold together.NOI based on first floor of multi-family $1500/ month (under market). Second floor is $3,000 a month tenants on lease until 6/30/23 . 3 Bays being rented by auto repair shop- $3,500 a month. 2 Bays were being rented for vehicle storage for $2,000 a month (can continue). Seller not open to offers with permitting contingencies.
Property Features

Disclosures The Multi Family And The Garages Are Two Separate Properties On Two Separate Deeds But Looking To Sell Together. Gross Income 120000 Net Operating Income 114000 Operating Expense 6000 Tax Annual Amount 18908 Tax Year 2022 Utilities Public WaterPublic Sewer Zoning Busc

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Nick Rivers of Compass.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-08-09T13:05:39.71.
 
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Re/Max Vantage
77 State Road
Dartmouth MA, 02747
Listing courtesy of Nick Rivers of Compass.