Direct: 508-873-4448 
Tim Daly
1340 Centre Street
Newton, MA 02461

Direct: 508-873-4448 

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117-123 Independence Ave, Quincy, MA 02169

Multi-Family

$1,400,000
Price

6
Units
5,511
Approx. GLA
Don't miss this turn-key income opportunity in the heart of Quincy. Two well-maintained buildings plus 2 garages and outdoor parking, all on one lot with one deed.There are 6 units, 3 in each building. One unit is recently vacant, the rest are fully leased. All separate gas utilities paid by tenants. Most units have upgraded kitchens and baths, hardwood floors and ceiling fans. Extra storage in basement. Laundry on site. On MBTA Bus line. Easy access to Routes 3 and 93. Minutes to South Quincy Adams MBTA Red Line. Owner will do a 1031 exchange.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Full, Crawl, Interior Access, Bulkhead, Concrete Floor
List Price: $1,400,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 13
Baths: 6
Half Baths: 1
Units: 6
Year Built: 1896
Year Round: Yes
Approx. GLA: 5,511
MLS#: 72247705
 
Interior
Basement: Yes
Electricity Cost: $2,670
Heating Units: 6
Heating Zones: 6
Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet
Energy: Varies per Unit
Hot Water: Natural Gas, Electric
Rooms: 26
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.30
Lot Size: 12,863.00
Lot Description: Corner, Paved Drive, Level
Foundation: Fieldstone, Other (See Remarks)
Garage Spaces: 3
Parking Spaces: 9
Parking Features: Off-Street, Paved Driveway
Road Type: Public
Color: Gray
Construction: Other (See Remarks)
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Gas Oven
Exterior: Vinyl
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $966,300
Taxes: $13,692
Tax Year: 2017
Book/Page: 32655/403
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $122,032
Gross Expenses: $22,305
Total Rent: $10,161
Net Income: $99,727
Insurance Cost: $5,048
R&M Cost: $8,370
Water Cost: $6,142
Misc. Cost: $75
Additional
Amenities: Public Transportation, Shopping, Park, Medical Facility, Highway Access, T-Station
Exclusions: Tenants' furnishings.
Disclosure Declaration: No
Disclosure: Also unit #6: 2 bed/1 ba, $1560/month w/lease. All 6 units incl pking. Add'l 3 garage pkng spaces rent @$100/mo ea. Monthly Income & Gross Income reflect 2017 rents, & incl. anticipated rent for #4 of approx $1800. All expenses shown are for 2016. Sewer exp is included in Water exp.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 3 0 1 1 1 Yes 2 $1,976
Unit 2 3 1 0 1 1 0 Yes 1 $1,250
Unit 3 5 3 0 2 1 0 Yes 1 $1,975
Unit 4 6 3 0 1 1 0 No 2 $1,750
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Microwave, Refrigerator  Heating:  Gas  Interior:  Wood Flooring  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Microwave, Refrigerator  Heating:  Gas  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Gas  Interior:  Wood Flooring, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 4
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Microwave, Refrigerator  Heating:  Gas  Interior:  Wood Flooring, Cable TV Available  Rooms:  Living Room, Dining Room, Kitchen 
Common
Applicances:  Washer, Dryer 
Map
The listing office is Keller Williams Realty and the listing agent is Chris Kostopoulos Group. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/11/2017 9:35:00 PM.
 
Tim Daly
Tim Daly
ABR, REALTOR
KELLER WILLIAMS REALTY



KELLER WILLIAMS REALTY   Tim Daly, ABR, REALTOR
KELLER WILLIAMS REALTY
1340 Centre Street • Newton, MA 02461 Map it
Direct: 508-873-4448 
tdaly@kw.com

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