REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,950,000
Est. payment /mo
Pending
67-71 John A Dunn Memorial Drive Rockland, MA 02370
24 Beds
12 Baths
10,892 SqFt
UPDATED:
11/15/2024 01:44 PM
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Pending
Purchase Type For Sale
Square Footage 10,892 sqft
Price per Sqft $270
MLS Listing ID 73282717
Bedrooms 24
Full Baths 12
Year Built 1970
Annual Tax Amount $27,743
Tax Year 2024
Lot Size 0.560 Acres
Acres 0.56
Property Description
The 67-71 John A Dunn Memorial Drive apartment complex is a 12-unit property comprised of (2) six-unit properties which are side-by-side. The property offers a very attractive unit mix, consisting of 100% two-bed, one-bath units. Also onsite is common laundry and ample surface-level parking, and all separate utilities except water and sewer. There is a value-add opportunity at the property to mark all rents to market level, as they are currently $400 below market. All 12 units have been recently renovated, including new stainless appliances, quartz countertops, backsplash tiles, vinyl flooring, white cabinets, and bathroom fixtures. An energy audit was performed in 2023 as well to identify any ways to optimize operating expenses. In-place cap rate is over 6%, pro forma cap rate is over 8%.
Location
State MA
County Plymouth
Direction gps
Interior
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Utilities Available for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Waterfront Description Stream
Roof Type Shingle
Total Parking Spaces 99
Garage No
Building
Lot Description Easements
Story 3
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Berkadia Real Estate Advisors LLC