263 South St 5 Unit Apartment Building $1,475,000 ($295,000/Unit) 6.04% Cap Rate Holliston, MA 01746

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 263 South Street in Holliston, MA (the “Property”). The multi-story building contains five townhouse units, comprised of one (1) 3-Bedroom/2-Bathroom unit, one (1) 3-Bedroom/1-Bathroom unit, and three (3) 2-Bedroom/1-Bathroom units with 6,582 square feet of gross living area in 9,615 square feet of gross area as well as an accessory building featuring a Six-car garage. The Property is currently situated on 4.07 acres. Parking is readily available with nine (9) garage spaces, as well as ample surface parking spaces. With its bucolic nature surrounded by 25 acres of Conservation land and excellent tenant history, 263 South Street is truly a unique, one-of-a-kind investment property.
263 South Street features an attractive mix of spacious townhouse-style residences designed to appeal to today's renters. Units 1–4 offer desirable three-level layouts consisting of a full basement, main living level, and second floor, with sliding door access to a large, shared backyard with lush grounds. Unit 5 is a well-appointed single-level apartment situated above the Property's garage bays. Each residence is equipped with in-unit laundry, providing added convenience for tenants. Interior finishes include Formica countertops in Units 1, 2, 3, and 5, while Unit 4 features granite countertops. All apartments are separately metered, with tenants responsible for heat, hot water, central air conditioning, and electric service.
263 South Street presents the incoming investor ample opportunity to increase the rental rates by programmatically renovating the remaining four units. In addition, the property is improved by a detached, two-story structure which features a Six-car garage parking as well as finished space above the garage. The potential exists to create an additional apartment at the site.
263 South Street is well-positioned in Holliston, offering convenient access to the town center, established residential neighborhoods, and a variety of local shopping and dining destinations. The Property benefits from excellent regional connectivity via nearby Route 16, Route 126, and Interstate 495, providing efficient access to neighboring MetroWest communities, as well as major employment centers in Framingham, Marlborough, Natick, and the Greater Boston area.