40 Hollis St - Apartments FOR SALE


Framingham, MA 01702- Downtown Framingham
$5,999,000 USD
508-808-0315
40 Hollis St, Framingham, MA for Sale
$5,999,000 USD
Apartments - FOR SALE
1/8
null | 9.71% Cap Rate

40 Hollis St
Framingham, MA 01702
Downtown Framingham


HIGHLIGHTS

  • 2 Vacant Units (1 Residential and 1 Commercial Unit).
  • High CAP Rate Entry of 9.7%.
  • Attractive basis ($141.53/SF).

OVERVIEW

Mixed-Use Project Featuring Retail, Multi-Family, and Office (Flex) Across 3 Buildings: 16 Multi-Family Units (12 2-Bed Units and 4 1-Bed Units) 9 First Floor Retail Units 4 Flex Units Recent Updates Include: Updated Windows Throughout Property Wet Sprinkler System New Fire Alarm Monitoring Panels Exceptional Area High 3MI Demographics ($113k Median Income, 120k Population) Low Vacancy in Submarket (4.3% Retail, 7.3% Multi, 3.3% Industrial/Flex)

FOR SALE DETAILS

PRICE

$5,999,000 USD

PRICE/SF

$639 USD /SF

# OF UNITS

15

PRICE/UNIT

$399,933

CAP RATE

9.71%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CB

APN/PARCEL ID

FRAM-000135-000085-007415,PEPP-000022-000027

ASK ABOUT THIS PROPERTY

Filip ShnayderKumo CapitalMore Info
508-808-0315

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Filip ShnayderKumo CapitalMore Info
508-808-0315

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