217 Beaver Dam Road
Plymouth, MA 02360 ·
24 Units · Multifamily For Sale
|No. Units||24||Property Use Type||Investment|
|Building Size||20,800 SF||Lot Size||7.90 AC|
|Listing ID: 15733353||Date Created: 05/29/2008||Last Updated: 10/30/2008|
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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