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12 Park Ave - Nantasket Beach Lodging 5,930 SF Specialty Building Offered at $2,250,000 at a 8.71% Cap Rate in Hull, MA 02045



INVESTMENT HIGHLIGHTS
- 29 Unit Hospitality Property
- 4 Common Bathrooms | Common Area Kitchen
- Master Key | ADA Compliant Room
- One Apartment and 28 SRO Units
- Fully Sprinklered | Gut Renovated in 2015
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present the Nantasket Beach Lodging property located at 12 Park Avenue in Hull, Massachusetts.
The 29 unit property contains a one-bedroom apartment with 28 SRO units. There are four common area bathrooms that serve the SRO units as well as a common area kitchen for tenants. The building is fully sprinklered and was gut renovated in 2015 featuring new heat and electric. The property also features one ADA compliant room.
All interested and qualified parties will be able to tour the property during scheduled showings.
The 29 unit property contains a one-bedroom apartment with 28 SRO units. There are four common area bathrooms that serve the SRO units as well as a common area kitchen for tenants. The building is fully sprinklered and was gut renovated in 2015 featuring new heat and electric. The property also features one ADA compliant room.
All interested and qualified parties will be able to tour the property during scheduled showings.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,250,000 | Building Class | C |
| Price Per SF | $379.43 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 5,930 SF |
| Cap Rate | 8.71% | No. Stories | 4 |
| Property Type | Specialty | Year Built | 1910 |
| Property Subtype | Lodge/Meeting Hall | Corridor | Interior |
| Zoning | MFA - Multi Family zoning | ||
| Price | $2,250,000 |
| Price Per SF | $379.43 |
| Sale Type | Investment |
| Cap Rate | 8.71% |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,930 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Corridor | Interior |
| Zoning | MFA - Multi Family zoning |
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PROPERTY TAXES
| Parcel Number | HULL-000038-000000-000029 | Improvements Assessment | $707,500 |
| Land Assessment | $170,900 | Total Assessment | $878,400 |
PROPERTY TAXES
Parcel Number
HULL-000038-000000-000029
Land Assessment
$170,900
Improvements Assessment
$707,500
Total Assessment
$878,400
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12 Park Ave - Nantasket Beach Lodging
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