Listing # 72321967

Description

Ten|m is a new fully-occupied 23 unit luxury rental building located on Merrymount Road in Quincy, Massachusetts. Ten|m provides investors a true turnkey investment opportunity with a robust in-place Net Income of $420,700. The property is a retrofit of the New England Telephone Building listed on the National Register of Historic Places. The apartments feature open-layouts, condo quality finishes, lofted 11-13 foot ceilings, and in-unit laundry. Penthouse units include private decks overlooking Butler’s Pond. The property has elevator access, a fitness room, and off-street parking for the tenant’s use. 10 Merrymount Road lies in an excellent commuter location, steps off of Hancock Street which is less than a half-mile from the Quincy Center MBTA Station. Quincy Center is considered the transit hub of the city providing residents with MBTA Red line, Commuter Rail, and public bus service.

Property Details
For Sale

$8,295,000

  • County: Norfolk
  • MLS Area: Quincy Center
  • Sq. Ft: 21094
Additional Information
  • Apod Available: Yes
  • Foundation: Poured Concrete
  • Lead Paint: None
  • Lot Description: Paved Drive
  • Mf Type: 5+ Family - 5+ Units Up/Down
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Location

Seller's Representative:
Tony Pepdjonovic
Marcus & Millichap Real Estate Investment Services

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MLS PIN data last updated at September 23rd, 2018 2:13:35 AM EDT