67-71 John A Dunn Memorial Drive, Rockland, MA 02370

Rockland, MA 02370,67-71 John A Dunn Memorial Drive

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Adam Gustafson

adam@todayrealestate.com +1(781) 696-3049

$2,950,000

Est. payment - /mo

24 Beds

12 Baths

10,892 SqFt

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UPDATED:

09/23/2024 05:37 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 false

Waterfront Description Stream

Roof Type Shingle

Parking Type Paved Drive, Off Street

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

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Listed by Berkadia Real Estate Advisors LLC

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Adam Gustafson

+1(781) 696-3049

Broker Manager | License ID: 9565668

Broker Manager License ID: 9565668

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