90 Ridgewood Ln - Apartments FOR SALE


Gardner, MA 01440
$25,500,000 USD
617-457-3266
90 Ridgewood Ln, Gardner, MA for Sale
$25,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

90 Ridgewood Ln
Gardner, MA 01440


HIGHLIGHTS

  • Ample off-street parking available for residents.
  • Located in a residential area of Gardner with convenient access to Route 2, local employers, schools, shopping, and downtown amenities.
  • On-site management and maintenance staff with 24-hour emergency maintenance services.
  • Community amenities include a swimming pool, playground, outdoor pavilion, and landscaped common areas.

OVERVIEW

Hunneman is pleased to present Ridgewood Condominiums, a premier multifamily investment opportunity in Gardner, Massachusetts. The offering consists of 157 apartment units within a well-maintained 288-unit garden-style apartment community. The Ridgewood complex is comprised of twelve (12) three-story brick buildings, each containing 24 units, with a diverse unit mix of studio, one-bedroom, and two-bedroom residences. This investment offers significant value-add potential, attractive operational upside, and a clear pathway to strong cash-on-cash returns.

FOR SALE DETAILS

PRICE

$25,500,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

157

PRICE/UNIT

$162,420

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

157 UNITS - Garden-Style Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

434

LAND DETAILS

LAND ACRES

14.1 AC

LAND SF

614,196 SF

ZONING

GR3

APN/PARCEL ID

GARD-000027W-000016-100001-000001

ASK ABOUT THIS PROPERTY

Dan McGeeHunnemanMore Info
617-457-3266

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

Dan McGeeHunnemanMore Info
617-457-3266

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