$2,950,000 ($270.84 per sqft)

Est. Mortgage $13,960/mo *

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

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

24 beds

12 Full baths

1970

10,892 sqft

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%.

Status:

Active

Type:

Multi-family

Laundry Remarks:

Electric Dryer Hookup, Washer Hookup

Units:

12

Zoning:

0

Levels:

3

Parking:

99-car, Paved Drive, Off Street

Acreage:

0.56

Est. Taxes:

$27,743

Construction

Frame

Utilities

for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

Lot Description:

Easements

MLS #:

73282717

Compensation Based On:

Gross/Full Sale Price

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Nicholaus Jasinski, Berkadia Real Estate Advisors LLC Phone: 617-648-4191