$2,600,000
$2,699,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
31-37 Revere Rd Quincy, MA 02169
12 Beds
8.5 Baths
8,102 SqFt
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,102 sqft
Price per Sqft $320
MLS Listing ID 73101319
Sold Date 07/14/23
Bedrooms 12
Full Baths 8
Half Baths 1
Year Built 1900
Annual Tax Amount $20,609
Tax Year 2023
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type 5-9 Family
Property Description
Located in the heart of the new and beautiful Quincy Center! The QCZD-10 zoning designation allows the development of up to 10 stories on Revere Road parcel. The current cash flow from the existing 8 units with no lease commitments generates significant positive cash flow which can easily be increased by future management. Presently Two 4-Family units on the same parcel. The units consist of 6 one bedroom units (which possibly could be converted to 2 BR units) and 1 three bedroom units. Three units have been recently updated. Both buildings have full basements with separate storage areas for all 8 units. There is also 6 unit garage on site that could be used for additional storage. The site is minutes from the Quincy Center T stop and Commuter Rail and other amenities so no vehicle needed! The 17,751 SF is located across from some of Quincy's most exciting and best performing new multi family developments.
Location
State MA
County Norfolk
Area Quincy Center
Zoning BUSC
Direction School Street to Mechanic Street to Revere, Burgin Parkway to Walter J, Hannon Parkway to Revere
Rooms
Basement Full, Walk-Out Access, Sump Pump, Concrete, Unfinished
Interior
Flooring Tile, Hardwood
Appliance Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Exterior
Community Features Public Transportation, Shopping, Park, Highway Access, Marina, Public School, T-Station
Utilities Available for Gas Range, for Electric Dryer
Waterfront Description Beach Front, Stream, Bay, 1 to 2 Mile To Beach, Beach Ownership(Public)
Roof Type Slate
Total Parking Spaces 7
Garage No
Building
Lot Description Flood Plain, Gentle Sloping
Story 7
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Middle Schools Central
High Schools Qhs
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Jing Zheng • Keller Williams Realty