Unit Information
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%.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 02370
- Living Levels: 3
- Parking
- Parking: Paved Drive, Off Street
- Parking Spaces: 99
- Rooms and Dimensions
- Total Units: 12
- Total Floors: 3
- Total Rooms: 99
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$2,950,000
- Listing ID: 73282717
- Bedrooms: 24
- Full Baths: 12
- Living Area: 10,892 sqft Convert
- Lot Size: 24,394 sqft Convert
- Acres: 0.56
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |