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120 Dean St
Taunton, MA 02780
ReNew Taunton on Dean · Multifamily Property For Sale
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58 Units
PROPERTY FACTS
| No. Units | 58 | Lot Size | 5.00 AC |
| Property Type | Multifamily | Building Size | 58,830 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Zoning | R1 | ||
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 5.00 AC |
| Building Size | 58,830 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Corporate Suites
- Grill
- Pet Play Area
ABOUT 120 DEAN ST , TAUNTON, MA 02780
100% Market-Rate Rental Community with Private Setting Dean Estates is a 58-unit apartment community offering the conveniences of city living while being tucked away in a private residential neighborhood. The low-density site offers picturesque grounds and balcony/patio space for select units. Strong Ongoing Revenue Growth 2018 leases have achieved a rent premium of $101 per month since acquiring the property. Current in-place leases are 8.51% higher from when ownership took over the building. With a waitlist to rent at the property, it is well positioned for continued rent growth. Opportunity for Value-Add Dean Estates presents a new owner the opportunity to put in place a renovation program or modify/expand the current renovation scope. Rents at newer competing communities average $503/month higher for 1 Bedroom units and $646/month higher for 2 Bedroom units. A new value-add program will allow new ownership to close this gap considerably. Commuter-Friendly Location Most residents choose to live at Dean Estates based on the quality housing offered and the convenient location. Dean Estates is just minutes from MA-24, I-295, and I-495, providing easy access to Providence, Boston and other nearby office parks.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 450 |
| 1+1 | 6 | - | 850 |
| 2+2 | 48 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | TAUN-000056-000096 | Improvements Assessment | $9,919,100 |
| Land Assessment | $2,842,000 | Total Assessment | $12,761,100 |
PROPERTY TAXES
