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: $7,900,000 FIRM. For the right buyer, Seller will consider holding a 1st Mortgage at the terms below:
30% down payment, i/o 5% years 1-2, i/o 6% years 3-5. Prepayment Penalty of 5% throughout the term.