Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton
$2,250,000
Nantasket Beach Lodging
Details
Property Type Hospitality, Multifamily
Sub Type Hospitality
Units 29
Cap Rate 8.71%
NOI $195,968
Year Built 1910
Year Renovated 2015
Buildings 1
29-Unit Hospitality Property | Hull, MA
Marketing description
Northeast Private Client Group is pleased to present the Nantasket Beach Lodging property located at 12 Park Avenue in Hull, Massachusetts.
The 29 unit property contains a one-bedroom apartment with 28 SRO units. There are four common area bathrooms that serve the SRO units as well as a common area kitchen for tenants. The building is fully sprinklered and was gut renovated in 2015 featuring new heat and electric. The property also features one ADA compliant room.
All interested and qualified parties will be able to tour the property during scheduled showings.
Investment highlights
29 Unit Hospitality Property
One Apartment and 28 SRO Units
4 Common Bathrooms | Common Area Kitchen
Fully Sprinklered | Gut Renovated in 2015
Master Key | ADA Compliant Room
Listing Contacts
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$195,968.00
$16,330.67/mo
Valuation Metrics
0
DSCR
8.71%
Cap Rate
8.71%
ROI
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