79-85 Germain Avenue

Quincy, MA 02169

$1,920,000
Last Sold Price
16
Beds
8
Baths
5,440 Sq. Ft.
$353 / Sq. Ft.
5,440
Sq. Ft.
$353
per Sq. Ft.

Description

79-85 Germain Avenue is an 8 unit investment opportunity in Quincy, MA. The buildings have undergone full gut-rehabilitation and upgraded electrical service to both buildings. Interior upgrades include brand new custom kitchens, appliances, bathrooms, recessed lighting and hardwood floors throughout. Exterior upgrades include new vinyl siding, new windows and rubber roofs. There is direct public bus access on Washington St (3A) via Bus 222 & 220 to Quincy Center Station (Red Line and Commuter Rail)....79-85 Germain Avenue is an 8 unit investment opportunity in Quincy, MA. The buildings have undergone full gut-rehabilitation and upgraded electrical service to both buildings. Interior upgrades include brand new custom kitchens, appliances, bathrooms, recessed lighting and hardwood floors throughout. Exterior upgrades include new vinyl siding, new windows and rubber roofs. There is direct public bus access on Washington St (3A) via Bus 222 & 220 to Quincy Center Station (Red Line and Commuter Rail). Area retailers include : Stop & Shop, Roche Bros, Wal-Mart, CVS, 7-11, Verizon, Convenient MD, Dunkin, Wendy’s, AutoZone etc. Deed Restriction: "All 8 residential units located within the property shall now, and hereafter, be subject to and restricted by the requirements of the City of Quincy Affordable Housing Guidelines, and rules & regulations promulgated by the Commonwealth of Mass and adopted by the city of Quincy"
  1. Listed by Tony Pepdjonovic • Marcus & Millichap Real Estate Investment Services

Property Details for 79-85 Germain Avenue

Town
Quincy
Area
MA-Quincy
Garage Spaces
0
Parking Spaces
.00

Location

Add your commute
LISTING UPDATED: 08/06/2022 07:41 AM

Property Details for 79-85 Germain Avenue

StatusSold
MLS #72840252
Days on Market105
Taxes$17,802 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1915
CountyNorfolk County

Location

Add your commute

Building Information for 79-85 Germain Avenue

Stories3Residences8Year Built1915Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$11,962 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,478

Property Taxes

$1,484

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 79-85 Germain Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 5440.0
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Unfinished Basement
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Construction: Stone
  • Lot Description: Other
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: **Deed Restriction: "All 8 residential units located within the property shall now,and hereafter,be subject to and restricted by the requirements of the City of Quincy Affordable Housing Guidelines,and rules & regulations promulgated by the Commonwealth of Mass and adopted by the city of Quincy"
Tax Information
  • Assessments: $1,374,600
  • Book: .
  • Tax Year: 2021
  • Zoning: RESB
Building / Association Information
Living Characteristics
  • Beds Total: 16
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $188,940.00
  • GRE: $58,189
  • NOI: $130,751.00
  • Operating Expense: $58,189.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $15,745.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.5%
  • Other Agent Compensation: N/A

Property History for 79-85 Germain Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 79-85 Germain Avenue

This home is within Quincy School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 4
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Point Webster Middle School
PublicPK to 8

Clifford H Marshall Elementary School
PublicK to 4

Quincy High School
Public9 to 12

St. Joseph School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Tony Pepdjonovic

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.