Ware Portfolio Multi-Family FOR SALE


Ware, MA
$2,550,000 USD
203-692-2420
, Ware, MA for Sale
$2,550,000 USD
Multi-Family - FOR SALE
1/5
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Ware Portfolio
Ware, MA


HIGHLIGHTS

  • Immediate Value-Add Upside Through Below-Market Rents
  • Constrained Supply Environment Supporting Rent Growth
  • Diverse Unit Mix Across a Contiguous Multi-Building Portfolio
  • Strong Submarket Fundamentals with Low Competitive Vacancy
  • Strategic Location with Access to Two Major New England Markets

OVERVIEW

Northeast Private Client Group is pleased to present the Ware Portfolio, a 20-unit, multi-building apartment portfolio situated across three contiguous parcels in Ware, Massachusetts. The portfolio spans 27 Parker Street, 28-30 North Street, 28.5 North Street, and 38 North Street, and consists of a diverse unit mix including studio, one-, two-, and three-bedroom apartments. The offering presents a compelling value-add opportunity for investors seeking immediate mark-to-market potential. A meaningful portion of the rent roll reflects below-market rents on leases with near-term expirations, with several tenants paying meaningfully below proforma on units that will roll within the holding period. With competitors and submarket asking rents well above current in-place collections, the portfolio offers a clear path to improved cash flow through disciplined lease-up and renewals at market rates. Tenants are responsible for their own utility expense, which is a combination of gas, electric, and oil.

ASK ABOUT THIS PROPERTY

Taylor PerunNortheast Private Client GroupMore Info
203-692-2420

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Taylor PerunNortheast Private Client GroupMore Info
203-692-2420

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