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16-18 N Summer St 9 Unit Apartment Building $1,499,000 ($166,556/Unit) Adams, MA 01220
Executive Summary
An excellent opportunity to blend immediate cash flow with long term upside in a desirable and growing area! An added advantage of this exciting property is its potential for short-term rental income, subject to local ordinances! Rare opportunity to acquire two apartment buildings totaling nine units in a convenient Adams location. These properties are thoughtfully updated throughout, with a newer roof, boilers, hot water, windows, electrical systems, and modern finishes. Kitchens are remodeled with stylish touches, including quartz countertops, newer cabinetry, and updated appliances. with stylish touches including marble countertops, new cabinetry, and updated appliances.
Property Facts
| Price | $1,499,000 | Property Subtype | Apartment |
| Price Per Unit | $166,556 | Building Class | B |
| Sale Type | Investment | Building Size | 7,464 SF |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | Multi/Res - Multifamily/Residential | ||
| Price | $1,499,000 |
| Price Per Unit | $166,556 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 7,464 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | Multi/Res - Multifamily/Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
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16-18 N Summer St
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