The Richardson Portfolio Multi-Family FOR SALE


Framingham, MA - Downtown Framingham
$7,950,000 USD
508-813-2556
, Framingham, MA for Sale
$7,950,000 USD
Multi-Family - FOR SALE
1/29
null | 6.24% Cap Rate

The Richardson Portfolio
Framingham, MA
Downtown Framingham


HIGHLIGHTS

  • Plumbing and electrical fully updated across the Portfolio
  • Modern water heaters and PEX distribution observed in mechanical rooms
  • Coin-op laundry · four Speed Queen washer/dryer pairs (digital payment enabled)
  • Solar systems in place generating $3,734 of annual ancillary income
  • Separately metered electric across all units

OVERVIEW

The Richardson Portfolio is a five-building, 31-unit multifamily cluster located on a single block of Richardson Circle in Framingham, Massachusetts — the largest and most economically diverse city in MetroWest. The Property has been comprehensively renovated by current ownership, with hardwood floors, contemporary kitchens, modern bathrooms, and fully updated plumbing and electrical throughout. Cash flow is stabilized at $482,899 of NOI on $752,123 of total income — reflecting disciplined ownership and durable tenancy. The opportunity offers immediate scale within a tight footprint and a renovated asset positioned for long-term hold.

ASK ABOUT THIS PROPERTY

Todd CarterValender PropertiesMore Info
508-813-2556

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Todd CarterValender PropertiesMore Info
508-813-2556

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