Nova Suites 3 Cottage Ave 28 Unit Apartment Building $7,950,000 ($283,929/Unit) 6.86% Cap Rate Quincy, MA 02169
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, renovated 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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Refrigerator
- Carpet
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Furnished Units Available
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 26 | - | 175 - 268 |
| 1+1 | 2 | - | 358 |
1 of 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 1142 50 D | Improvements Assessment | $6,932,500 |
| Land Assessment | $979,800 | Total Assessment | $7,912,300 |
CONTACT
-
Marci Alvarado -
Commercial Property Advisors
