67-71 John A Dunn Memorial Drive , Rockland, MA 02370
Rockland, MA 02370
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%.
Details
| Mls | 73282717 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Pending |
| Year | 1970 |
| Days On Site | 101 |
| Listing Provided By | Berkadia Real Estate Advisors LLC | Nicholaus Jasinski |
Features
| Beds | 24 |
|---|---|
| Baths | 12 Total |
| Sq Feet | 10,892 |
| Storys | 3 |
| Units | 12 |
| Zoning | 0 |
| Acreage | 0.56 |
| Water Front | Yes |
Market Activity 02370
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Learn More About This Property
| State | MA |
|---|---|
| County | Plymouth |
| City | Rockland |
| Zip Code | 02370 |
| Area | Plymouth |
| Listing VS Median (in 02370) | |
Price: $2,950,000 low | high Med: $489,900 SqFt: 10,892 low | high Med: 1,424 $ / SqFt: $271 low | high Med: $344 On Site: 101 low | high Med: 277.000000 | |