3 Cottage Ave - Apartments FOR SALE


Quincy, MA 02169
$8,200,000 USD
508-561-8770
3 Cottage Ave, Quincy, MA for Sale
$8,200,000 USD
Apartments - FOR SALE
1/19
null | 5.31% Cap Rate

3 Cottage Ave
Quincy, MA 02169


HIGHLIGHTS

  • Strong Cash Flow
  • 100% Occupied & 100% Market Rate Units
  • Modern Design

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

28

PRICE/UNIT

$292,857

CAP RATE

5.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nova Suites

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

1142 50 D

ASK ABOUT THIS PROPERTY

Marci AlvaradoCommercial Property AdvisorsMore Info
508-561-8770

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Marci AlvaradoCommercial Property AdvisorsMore Info
508-561-8770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.