263 South St - Apartments FOR SALE


Holliston, MA 01746
$1,475,000 USD
781-776-4002
263 South St, Holliston, MA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/11
null | 6.04% Cap Rate

263 South St
Holliston, MA 01746


HIGHLIGHTS

  • Access & Connectivity
  • Desirable Metrowest Location
  • Recent Capital Improvements
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 263 South Street in Holliston, MA (the “Property”). The multi-story building contains five townhouse units, comprised of one (1) 3-Bedroom/2-Bathroom unit, one (1) 3-Bedroom/1-Bathroom unit, and three (3) 2-Bedroom/1-Bathroom units with 6,582 square feet of gross living area in 9,615 square feet of gross area as well as an accessory building featuring a Six-car garage. The Property is currently situated on 4.07 acres. Parking is readily available with nine (9) garage spaces, as well as ample surface parking spaces. With its bucolic nature surrounded by 25 acres of Conservation land and excellent tenant history, 263 South Street is truly a unique, one-of-a-kind investment property. 263 South Street features an attractive mix of spacious townhouse-style residences designed to appeal to today's renters. Units 1–4 offer desirable three-level layouts consisting of a full basement, main living level, and second floor, with sliding door access to a large, shared backyard with lush grounds. Unit 5 is a well-appointed single-level apartment situated above the Property's garage bays. Each residence is equipped with in-unit laundry, providing added convenience for tenants. Interior finishes include Formica countertops in Units 1, 2, 3, and 5, while Unit 4 features granite countertops. All apartments are separately metered, with tenants responsible for heat, hot water, central air conditioning, and electric service. 263 South Street presents the incoming investor ample opportunity to increase the rental rates by programmatically renovating the remaining four units. In addition, the property is improved by a detached, two-story structure which features a Six-car garage parking as well as finished space above the garage. The potential exists to create an additional apartment at the site. 263 South Street is well-positioned in Holliston, offering convenient access to the town center, established residential neighborhoods, and a variety of local shopping and dining destinations. The Property benefits from excellent regional connectivity via nearby Route 16, Route 126, and Interstate 495, providing efficient access to neighboring MetroWest communities, as well as major employment centers in Framingham, Marlborough, Natick, and the Greater Boston area.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

5

PRICE/UNIT

$295,000

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

9

LAND DETAILS

LAND ACRES

4.07 AC

LAND SF

177,289 SF

ZONING

80/83, Holliston

APN/PARCEL ID

HOLL-000001-000002-000080

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4002

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Dennis KelleherHorvath & TremblayMore Info
781-776-4002

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