857-990-6802
42 Rogers, Tewksbury, MA for Sale
Apartments - FOR SALE
1/3
null | Request Cap Rate

42 Rogers
Tewksbury, MA 01876
Central Tewksbury


OVERVIEW

Northeast Private Client Group, Inc. is pleased to present Rogers Commons, a 20-unit multifamily community at 42 Rogers Street in Tewksbury, Massachusetts. The property sits in the Merrimack Valley at the northern edge of Greater Boston, minutes from downtown Lowell and near the crossroads of Interstate 495 and Interstate 93. The community comprises twenty identical two-bedroom, one-and-a-half-bath residences, each a two-story layout with a finished garage, built in 2005 on a 1.26-acre lot. The uniform floor plans simplify leasing, renovation scope, and rent standardization. Residents pay their own heat, electricity, and water and sewer, while ownership covers only trash, common-area electric, and routine repairs and landscaping. In-place rents at Rogers Commons sit below the levels the building itself has already proven, leaving a clear path to higher income as leases roll to market. Because tenants carry heat, electricity, and water and sewer, the owner’s controllable expense load stays light — an efficient operating profile for a stabilized, uniformly configured asset that was leased in its entirety at the time of underwriting. Rogers Commons offers a stabilized, fully leased multifamily investment with proven rent upside, a light landlord expense structure, and a Merrimack Valley location minutes from downtown Lowell and the Interstate 495 and Interstate 93 corridor. Please reach out to the deal contacts for more information.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rogers Common Apartment

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

R

APN/PARCEL ID

TEWK-000034-000000-000116

ASK ABOUT THIS PROPERTY

Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

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

Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

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