475 Nantasket Ave Hull, MA 02045-2549

This 14-unit rooming house at 475 Nantasket Ave, Hull, MA 02045 presents a compelling value-add investment opportunity. The 4,242 square foot, three-story building, constructed in 1920, sits on a prime location in Hull, Plymouth County. Currently operating as a rooming house, the property offers significant redevelopment potential, with permitted BUS zoning allowing for conversion into a three-family dwelling. The asking price is $1,300,000, translating to $306.46 per square foot and $92,857.14 per unit. The property boasts a 5.84% cap rate, indicating strong potential for return on investment. Investors will appreciate the historical charm of this building combined with the flexibility to either maintain the existing 14-unit configuration or pursue a lucrative redevelopment project. This property offers a unique blend of immediate income generation and long-term growth potential in a highly desirable Massachusetts coastal town. The property's size and location make it an attractive prospect for those seeking a multifamily investment with substantial upside. This is a rare opportunity to acquire a well-situated property with significant potential for value appreciation and strong cash flow. Don't miss this chance to capitalize on the thriving Hull real estate market.