91 Nason St - Dormitory FOR SALE


Maynard, MA 01754
$650,000 USD
781-776-4000
91 Nason St, Maynard, MA for Sale
$650,000 USD
Dormitory - FOR SALE
1/8
null | 5.74% Cap Rate

91 Nason St
Maynard, MA 01754


HIGHLIGHTS

  • Capital Improvement and Amenities
  • Value-Add Opportunity
  • Dynamic Maynard Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 91 Nason Street in Maynard, Massachusetts (the “Property”). Centrally located in the heart of Maynard, the Property is in a walkable location directly outside of the city’s downtown and its vibrant shops, dining amenities, and municipal offices. The Property offers convenient access to the area’s downtown retailers and larger shopping centers including Maynard Crossing, a Market Basket anchored shopping center. The South Acton MBTA Station with service on the Fitchburg Line to Boston’s North Station is 2.1 miles away, and the area’s highways offer a convenient commute to both Boston and Worcester. 91 Nason Street offers the rare opportunity to acquire a well-located asset with value-add potential in a strong real estate market that is poised for future growth. The Property consists of a three-story multi-family building and contains three (3) units consisting of one (1), 1-Bedroom/1-Bathroom unit and two (2), 2-Bedroom/1-Bathroom units with 2,240 square feet of living area in 3,466 square feet of gross area on 0.10-acres of land. Recent upgrades include one new hot water boiler, updated interior carpeting, and 2 of 3 units have been updated. The Property is separately metered for electricity, gas-fired heat, and gas-fired hot water, which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. The Property also features an on-site laundry facility and five (5) off-street parking spaces for residents. 91 Nason Street offers the ability to acquire a well-maintained, updated building in an exceptional location. In place rents are below market and the opportunity exists to drive rental rates through continued improvements and bringing rents up to market rates. The Property offers excellent access to Downtown Maynard, MA State Highways, and the South Acton MBTA Train Station.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

5.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

91 Nason St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B

APN/PARCEL ID

MAYN-000014-000000-000226

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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