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29-Unit Brick Apartment Building 100 Water St 29 Unit Apartment Building $7,900,000 ($272,414/Unit) Stoughton, MA 02072
INVESTMENT HIGHLIGHTS
- EXISTING CASH FLOW AND UPSIDE
- SEPARATE UTILITIES
- LONG TERM OWNERSHIP
- SUBURBAN LOCATION
EXECUTIVE SUMMARY
Hunneman is excited to present a prime multifamily investment opportunity at 100 Water Street in Stoughton, MA. This well-maintained 29-unit brick apartment building is situated on a 1.5 ± acre lot in a quiet residential neighborhood. The property boasts solid concrete block and steel construction, with outdoor balconies, tenant-paid heat, and abundant off-street parking. The building currently operates with a Tenant-at-Will (TAW) rent roll. The below-market rents provide immediate upside potential. With most of the units (26 of 29) featuring updated kitchens and bathrooms, you can increase rental income by bringing all apartments to full market rents.
For Sale: $7,900,000 FIRM. For the right buyer, Seller will consider holding a 1st Mortgage at the terms below:
30% down payment, i/o 5% years 1-2, i/o 6% years 3-5. Prepayment Penalty of 5% throughout the term.
For Sale: $7,900,000 FIRM. For the right buyer, Seller will consider holding a 1st Mortgage at the terms below:
30% down payment, i/o 5% years 1-2, i/o 6% years 3-5. Prepayment Penalty of 5% throughout the term.
PROPERTY FACTS
| Price | $7,900,000 | Building Class | C |
| Price Per Unit | $272,414 | Lot Size | 1.50 AC |
| Sale Type | Investment | Building Size | 26,910 SF |
| No. Units | 29 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Zoning | RU | ||
| Price | $7,900,000 |
| Price Per Unit | $272,414 |
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 26,910 SF |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | RU |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | STOU-000053-000028 | Improvements Assessment | $2,615,700 |
| Land Assessment | $1,595,000 | Total Assessment | $4,210,700 |
PROPERTY TAXES
Parcel Number
STOU-000053-000028
Land Assessment
$1,595,000
Improvements Assessment
$2,615,700
Total Assessment
$4,210,700
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29-Unit Brick Apartment Building | 100 Water St
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