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217 Beaver Dam Road, Plymouth, MA 02360
24 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 20,800 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Lot Size:
- 7.90 AC
- Listing ID
- Last Updated
- over 1 year ago
Cushman & Wakefield of Massachusetts, Inc. has been retained as the Exclusive Agent for the sale of Woodcrest Apartments in Plymouth, MA.
Woodcrest Apartments is a 24-unit apartment community spread throughout two three-story garden-style apartment buildings located in Plymouth, MA. Constructed in 1985, the two buildings consist of three story wood-frame buildings on concrete foundations. All units are two-bedroom, one-bathroom and offer fully applianced kitchens, washer/dryer hook-ups and balconies. The property has received a number of upgrades which include, balconies, roofs, vinyl siding and windows.
The property is approximately two miles east of Route 3 and The Pinehills, a 3,000 acre mixed-use master-planned development. The Pinehills offers luxury single-family homes and condominiums, apartments, retail and two 18-hole golf courses. Plymouth is also approximately fifty miles from Boston and seventy miles from Providence, providing for excellent access to the strong employment markets both Boston and Providence have to offer. Residents of Woodcrest Apartments may also enjoy MBTA access in Plymouth, located ten miles north of the property.
Woodcrest Apartments offers additional upside through unit and common area upgrades. The property also offers some potential upside through the development of the surplus land. Additionally, the property is being delivered with a $2,290,000 loan with an interest rate of 5.99% and the potential for a second mortgage up to 80% LTV.
We are offering this unique investment opportunity for sale on an unpriced basis through a call-for-offers bid process. Please note that outside brokers are required to be compensated by their buyers.
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P