100 Water St - Apartments FOR SALE


Stoughton, MA 02072
$7,975,000 USD
617-457-3266
100 Water St, Stoughton, MA for Sale
$7,975,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

100 Water St
Stoughton, MA 02072


HIGHLIGHTS

  • EXISTING CASH FLOW AND UPSIDE
  • LONG TERM OWNERSHIP
  • SEPARATE UTILITIES
  • SUBURBAN LOCATION

OVERVIEW

Hunneman is excited to present a prime multifamily investment opportunity at 100 Water Street in Stoughton, MA. This well-maintained 29-unit brick apartment building is situated on a 1.5 ± acre lot in a quiet residential neighborhood. The property boasts solid concrete block and steel construction, with outdoor balconies, tenant-paid heat, and abundant off-street parking. The building currently operates with a Tenant-at-Will (TAW) rent roll. The below-market rents provide immediate upside potential. With most of the units (26 of 29) featuring updated kitchens and bathrooms, you can increase rental income by bringing all apartments to full market rents.

FOR SALE DETAILS

PRICE

$7,975,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

29

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

29-Unit Brick Apartment Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

STOU-000053-000028

ASK ABOUT THIS PROPERTY

Dan McGeeHunnemanMore Info
617-457-3266

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Dan McGeeHunnemanMore Info
617-457-3266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.