Pending
Under Agreement
67-71 John A Dunn Memorial Drive
Rockland MA, 02370
$2,950,000
$270.84 per sqft
Pending
Under Agreement
24 Beds
12 Baths
10,892 sqft
Multi-family
Built in 1970
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%.
73282717
MLSⓇ ID
August 29, 2024
Listed
November 22, 2024
Updated
Map
67-71 John A Dunn Memorial Drive
Rockland MA, 02370
Interior Features
Total Stories
3
Bedrooms
24
Total Bathrooms
12
Full Bathrooms
12
Laundry Description
Electric Dryer Hookup, Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.56 Acres
Lot Features
Easements
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$27,743
Tax Frequency
Annually
Days on Market
26
Garage
No
Parking
Paved Drive, Off Street
Parking Total
99
View
No
County
Plymouth
Water Source
Public
Pool
No
Zoning
0
Listing History
Date | Event | Price |
|---|---|---|
9/23/2024 | Pending | — |
Courtesy of Nicholaus Jasinski, Berkadia Real Estate Advisors LLC
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Data last updated 11:21 PM UTC, 11/22/2024
