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Updated over 7 years ago on . Most recent reply

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1,235
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Justin Silverio
  • Developer
  • Andover, MA
486
Votes |
1,235
Posts

Quincy Wholesale Deal - Great House Hack

Justin Silverio
  • Developer
  • Andover, MA
Posted

We have an off-market 2-family deal in Quincy that we're looking to wholesale. The highest and best use for this property would be to either house hack, buy, hold and resell in 3 years due to the value appreciation in the area. However, this deal will also work as a rehab and resell.

We are looking to assign this property to the end buyer. Closing is schedule forJuly 17th.

We will be scheduling a walkthrough in the next week or two. If interested in attending, please let me know. We ask that you do your preliminary due diligence and drive by the property before hand. We're asking that only serious buyers come to the open house. Please keep in mind that we never increase the asking price, the first offer that we receive will get the deal.

Address: 85 Town Hill Street Quincy, MA 02169

Property Type: Two-Family Residence

Living Area: 2,112 square feet (includes lower level)

Lot Size: 0.13 acre (5,876 sq.ft.)

Tenants:Unit 1 will be delivered Vacant; Unit 2 will be delivered with TAW

Current Layout: Unit 1: 3-4BR/1BA, Unit 2: 3-4BR/1BA

Current Condition:The property has had long-term tenants in it for the past few years. It is in rentable condition, although with minor renovations, you can improve the units to get market rent. The units have separate utilities. Heating systems are approx. 10-15 years old. Recent electrical upgrades within the last 5 years. Structurally and mechanically the house is in good condition.

Pictures: https://www.dropbox.com/sh/30ja7vx3um6g3rc/AABtpnsZBxc_40-jfcesiRcNa?dl=0

Deal Analysis:

Offering

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