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Ware Portfolio 1 Multifamily Properties Offered at $2,550,000 in Ware, MA
Investment Highlights
- Immediate Value-Add Upside Through Below-Market Rents
- Diverse Unit Mix Across a Contiguous Multi-Building Portfolio
- Strategic Location with Access to Two Major New England Markets
- Constrained Supply Environment Supporting Rent Growth
- Strong Submarket Fundamentals with Low Competitive Vacancy
Executive Summary
Northeast Private Client Group is pleased to present the Ware Portfolio, a 20-unit, multi-building apartment portfolio situated across three contiguous parcels in Ware, Massachusetts. The portfolio spans 27 Parker Street, 28-30 North Street, 28.5 North Street, and 38 North Street, and consists of a diverse unit mix including studio, one-, two-, and three-bedroom apartments.
The offering presents a compelling value-add opportunity for investors seeking immediate mark-to-market potential. A meaningful portion of the rent roll reflects below-market rents on leases with near-term expirations, with several tenants paying meaningfully below proforma on units that will roll within the holding period. With competitors and submarket asking rents well above current in-place collections, the portfolio offers a clear path to improved cash flow through disciplined lease-up and renewals at market rates.
Tenants are responsible for their own utility expense, which is a combination of gas, electric, and oil.
The offering presents a compelling value-add opportunity for investors seeking immediate mark-to-market potential. A meaningful portion of the rent roll reflects below-market rents on leases with near-term expirations, with several tenants paying meaningfully below proforma on units that will roll within the holding period. With competitors and submarket asking rents well above current in-place collections, the portfolio offers a clear path to improved cash flow through disciplined lease-up and renewals at market rates.
Tenants are responsible for their own utility expense, which is a combination of gas, electric, and oil.
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Property Facts
| Price | $2,550,000 | Number of Properties | 2 |
| Price / SF | $637.50 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 4,000 SF |
| Status | Active | Total Land Area | 0.51 AC |
| Price | $2,550,000 |
| Price / SF | $637.50 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,000 SF |
| Total Land Area | 0.51 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 28-38 North St, Ware, MA 01082 | Multifamily | 4,000 SF | 1932 | - |
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Ware Portfolio
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