The Falls at Arden Mills consists of 33 units within a new 48-unit fractured waterfront condominium community. Sitting along the Nashua River, the community encompasses 7.22 +/- acres of landscaped grounds and is comprised of one (1) three-story elevatored residential building above an at-grade enclosed parking garage with resident storage (four-stories in all) and one (1) two-story clubhouse/office building. The residential building was constructed in 2007 while the office building was originally built in 1986 with the clubhouse portion of the building being added (new construction) to the existing office building in 2007. Units were initially selling between $240,000 and $305,000 before sales stalled in 2008. There are 35 now occupied and currently owned or being rented as apartments. The latest sales have been at 173,500, 170,000 and 130,000 (1 bed). There is a strong demand for additional rentals. The new owner will decided the future direction of the asset. Given the anticipated sales price, the Falls at Arden Mills is an attractive condominium exit now or in the future. Net operating income below is based upon the vacant 13 units for individual sale being rented.
Price Upon Req.8,338 SF
Property showings will be offered on Thursday, October 15th and Thursday, October 22nd between 10:00 AM to 1:00 PM local time. Please contact the listing broker to RSVP.Auction.com and United Multi Family are pleased to present the opportunity to acquire a 7-unit apartment building in Leominster, MA. Built in 1900, the subject is a vinyl sided wood-frame building, consisting of six (6) two-bedroom and one (1) one-bedroom units. Tenants are responsible for heat, hot water, and electricity. Some updates have been made to the property. Retail uses in this area include fast food restaurants, full service restaurants, gas stations, and free standing retail buildings. The property is not fully utilized to the potential of market rents.
Price Upon Req.16,050 SF
Auction.com and HTX Realty, Inc. present the opportunity to purchase 81 Whiting Street, a 21-unit multifamily apartment building located in Lynn, Massachusetts. Built in 1900, this 16,654 SF building totals three stories, a finished basement and over 25 parking spaces in an adjacent lot. The 21 units consist of 14 one-bedroom units, 4 two-bedroom units and 3 three-bedroom units. Recent improvements to the Property include: new rubber roof, new heating and hot water systems, LED lighting, new laundry ventilation, parking lot paving, masonry re-pointing, new windows and exterior doors. Lynn has one of the lowest apartment vacancy rates in the Greater Boston Metro at 2.5% and has had recent rent/population growth. The building is currently 100% occupied and is eligible for tenants utilizing Section 8 Housing Choice Vouchers. Lynn, Massachusetts is located in Essex County and part of the Greater Boston Metro area and accessible to multiple thoroughfares including I-95/Route 128 and I-495. The Property is a 25 minute drive or 40 minutes by public transit to Boston with a bus stop 100 yards from the Property providing direct service to North Station.
Price Upon Req.3,380 SF
19 Cumberland Street, a rarely available turn-key asset is located in Boston' s celebrated Back Bay neighborhood. Originally constructed in 1888, 19 Cumberland Street consists of nine (9) units, featuring five (5) studios, three (3) one bedrooms and one (1) two bedroom. This Victorian-style building is 100% occupied and has undergone an extensive renovation program, featuring granite counter-tops, stainless steel, plank flooring and space-saving built-in furniture. Current accommodations include furnished apartments with 12 month leases in place. Future opportunity exists to provide short-term accommodations.
Price Upon Req.3,097 SF
33 Winter Street is an existing unoccupied building consisting of 3,097 square feet across three stories. Given the high barrier to entry, 33 Winter Street represents a prime rarely available redevelopment opportunity in one of Cambridge' s most recognizable and desirable neighborhoods.
NAI HUNNEMAN, as exclusive agent, is pleased to offer for sale a 67-UNIT APARTMENT PORTFOLIO IN LOWELL, MA. The offering includes a 24-unit brick building at 330 NESMITH STREET and a 43-unit brick apartment complex at 61-83 PARK AVENUE WEST. The two properties are located approximately ½ mile (3 minute drive) from one another. 330 Nesmith Street is located on a very high visibility street. 61-83 Park Avenue West abutts Fort Hill Park and benefits greatly from its natural beauty. The occupancy is at 98% (1 vacancy) and the buildings have a strong stable cash flow. This package represents an outstanding opportunity to acquire a sizable portfolio of apartments in the Belvidere section of Lowell. BOTH BUILDINGS ARE AVAILABLE TOGETHER AS A PACKAGE OR INDIVIDUALLY.
Price Upon Req.12,065 SF
Urban Core Development Brokerage Division has been exclusively retained to market "The Tremont Portfolio", which consists of 3 consecutive, multifamily buildings steps from Brigham Circle along Tremont Street. This is a trun-key asset currently income producing that presents amazing value-add opportunity in both existing structure renovations and perhaps a long term redevelopment as Longwood medical and Brigham Circle continue to become more and more desirable for medical professionals.
Price Upon Req.4,420 SF
Urban Core Development Brokerage Division has been exclusively retained to market 183 Saint Botolph Street. The property is a 4 unit brownstone on coveted Saint Botolph in Boston's Back Bay. This is a turn-key asset that is perfect for a portfolio operator, owner occupant or an investor looking to hold a few years and do an easy condo conversion.
Price Upon Req.14,640 SF
465 Columbia Rd offers investors the opportunity to acquire a well-positioned asset in one of the top investment markets in the country. 465 Columbia Rd is a 3 story, 11-unit building with a single office space on the ground level. The asset is master leased for 10 yrs to the Pine Street Inn, one of Boston' s largest non-profit landlords, providing a 10 yr net lease guaranteed income. The building has undergone an extensive capital improvement program including installation of vinyl floors, updated kitchens with stainless steel appliances, fire-life safety systems, washer/dryers, and a new roof.
Price Upon Req.1,996 SF
This 100% occupied, value-add investment opportunity features eight (8) studio units, two (2) studios with alcoves and one (1) one bedroom. All units feature hardwood floors, high ceilings and impressive window lines.