475 Nantasket Avenue Hull, MA 02045

475 Nantasket Avenue is a 14 unit, 5502 square foot multi family lodging house. With a high cashflow, this 14 unit single room occupancy property features 4 floors, 3 kitchens and 4 full baths on a corner, double lot with 10,000 sq. ft. There is a large patio, landscaped yard, parking areas in front and rear and interior and exterior storage. Located 3 short blocks to Nantasket Beach and one block to the supermarket, hardware store and numerous other amenities. Financial information from the Seller include: rents $2,958/week or $153,816/annually; expenses are $59,202 annually leaving an annual NOI of $94,614. The property is sprinklered, electrical updated, and there is common oil heat. The new laundry room has twin Speed Queens that are owned, not leased so there is no revenue sharing. There is also a live in property manager and security cameras in place throughout common areas of property which allow for peace of mind. Showings by appointment.