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83 Summit St Rockland, MA 02370

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For Sale
$850,000

Two-story building with four units on a 0.33-acre corner lot.

Lot size:
0.33 Acres

Property Features for 83 Summit St

General Information

Lot size
0.33 Acres

Building Details

Year built
1860

Source: Horvath & Tremblay Agent Jason Kulik

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Summit Street Multifamily Investment Opportunity

The property at 83 Summit Street is a two-story building featuring two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The building has 2,438 square feet of gross living area within a total gross area of 3,957 square feet. Situated on a 0.33-acre corner lot, the property includes eight off-street parking spaces for residents. Capital improvements have been made under the current ownership, including new kitchens and bathrooms in two of the four units, as well as a newer roof, siding, and water heaters replaced as needed. Unit 4 is currently vacant. The property is separately metered for electricity and hot water, which are paid directly by the tenants. The landlord is responsible for oil-fired heat, domestic water, and sewer. In-place rents are significantly below current market rates, presenting an opportunity to increase income through updates to the unrenovated units and common areas. This is located in an urban-infill, high demand/supply constrained residential market.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Rockland
County
Plymouth
State
Massachusetts
Longitude
-70.9162488
Latitude
42.1400941

FAQs

What type of property is this?
Quadplex - Two-story building with four units on a 0.33-acre corner lot.
Where is this quadplex located?
The property is located at 83 Summit St Rockland, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - Corner lot on a 0.33-acre parcel.; - Opportunity to increase income by updating unrenovated units and common areas to raise rents to market rates.; - Two units have new kitchens and bathrooms.
More about this property
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