Updated 8/20/2010 Suffolk County | Middlesex County | Essex County | Norfolk County | Hampden County | Bristol County | Worcester County | Plymouth County | Barnstable County | Hampshire County | Berkshire County | Franklin County |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
PPU |
Comments |
Contact Broker |
Boston |
10 unit mixed-use |
5,999,000 75% Financing Available |
495,600 |
12.15 |
Complete renovation of two grand buildings located in Boston's Mid-town neighborhood. The mixed-use development consists of two street level retail units, two second floor office units, three 3BR apartments and three 4BR apartments. 2009 renovation included all new utilities, elevator and roof. Steps to the Boston Common, Financial District, Downtown Shopping, Emerson College and Suffolk Law School. |
Dorchester |
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10 unit mixed-use |
895,000 80% Financing Available |
128,580 |
6.99 |
89,500 |
4-story brick building built in 1930 consisting of two newer storefronts and 8 apartments above (2 studios, 6 1BR). |
Revere |
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6 unit |
599,000 75% Financing Available |
81,100 |
7.4 |
99,833 |
Fully occupied 6-Family one block from Revere Beach. Newer separate gas heating systems and hot water tanks. Modern kitchens and bathrooms, hardwood floors, newer replacement windows, coin-op laundry, storage in basement and some water views. |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
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Comments |
Contact Broker |
Framingham |
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22 unit |
1,950,000 80% Financing Available |
265,000 |
7.36 |
88,636 |
Property consists of two garden style brick apartment buildings with all 2BR units. Additional income from parking. Owner pays heat and hot water. |
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Lowell |
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12 unit mixed-use New Listing |
450,000 75% Financing Available |
55,200 |
8.15 |
37,500 |
Property consists of 2 studios, 3 1BR, 3 2BR, 3 3BR and one commercial unit. Tenants pay all utilities, including heat. Located near the Lowell Historical Park and the Tsongas Arena. |
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7 unit mixed-use |
699,900 75% Financing Available |
121,284 |
5.77 |
99,985 |
Property consists of 1 4BR/2BA, 3 4BR/2.5BA, 1 5BR/1.5BA, 1 5BR/2.5BA and 1 commercial space occupied by a church since 2003. Recently rehabbed units kitchens, baths, heat, plumbing and electric. Additional income from laundry. |
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8 unit |
575,000 75% Financing Available |
78,540 |
7.32 |
71,875 |
3-story building with 1 1BR, 6 2BR and 1 4BR unit. Utilities are paid by tenant. New plumbing, heating systems and decks. Off-street parking. |
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15 unit mixed-use |
1,225,000 80% Financing Available |
175,836 |
6.97 |
81,666 |
Property is located one block from City Hall and consists of four retail and 11 apartments (4 1BR and 7 2BR). Newer rubber roof and vinyl windows. Several units recently renovated. |
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Somerville |
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12 unit mixed-use New Listing |
1,550,430 75% Financing Available |
146,484 |
10.58 |
129,202 |
Mixed use property consists of ten apartments (8 1BR and 2 3BR) and two ground floor retail units. The retail units are both over 1,000 sq. ft. and occupied by TAWs. Additional income from coin-op laundry. All units are separately metered for heat and electric and are paid for by tenants. |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
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Comments |
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Haverhill |
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25 unit mixed-use |
1,294,000 80% Financing Available |
202,800 |
6.38 |
51,760 |
Three story brick corner building with 19 1BR, 4 2BR and 1 3BR apartment plus 1 retail storefront. Updated electric, plumbing and thermopane windows. |
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Lawrence |
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13 unit |
749,900
75% Financing Available |
126,000 |
5.95 |
57,846 |
Three well maintained buildings on one lot consisting of 4 1BR and 9 3BR units. Tenant paid utilities. This property may also be purchased as a portfolio with the below listed 12 units. |
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12 unit |
799,900
75% Financing Available |
144,300 |
5.54 |
66,658 |
Four well maintained buildings on one lot consisting of all 3BR units. Tenant paid utilities. This property may also be purchased as a portfolio with the above listed 13 units. |
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14 unit mixed-use |
799,900 75% Financing Available |
110,000 |
7.27 |
57,135 |
Mixed-use property with apartments above retail storefront. |
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Lynn |
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17 unit |
1,275,000 80% Financing Available |
192,300 |
6.63 |
75,000 |
Property consists of 2 buildings with at total of 2 studios and 15 2BR units. Well maintained with new roof, new windows, new water heaters and newer gas boilers. Some off-street parking. |
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Methuen |
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18 unit |
1,789,000 80% Financing Available |
192,480 |
9.29 |
99,388 |
Brick building was rehabbed in 2003 with new kitchens, baths, common areas, roof and parking lot. It is in excellent condition. There are 1 studio, 6 1 BR and 11 2BR units. Additional income from laundry. |
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Peabody |
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16 unit mixed-use |
799,900 75% Financing Available |
136,200 |
5.87 |
49,993 |
Property consists of 15 furnished rooming units and 1 retail unit occupied by a Liquor store for 40+ years. Rehabbed in 2006 and in pristine condition. All units have hardwood floors and central A/C. Building is sprinklered. |
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Salem |
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12 unit |
1,500,000 80% Financing Available |
173,600 |
8.66 |
125,000 |
Property consists of two buildings: a 3-story brick with all 3BR units, and a 3-story woodframe with 2 2BR and 4 3BR units. Utilities are paid by tenant. Significant improvements to both properties in recent years. Additional income from 6 garages and laundry. |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
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Comments |
Contact Broker |
Quincy |
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17 unit |
212,520 |
7.98 |
99,705 |
Three well maintained two-story buildings containing 9 1BR and 8 2BR units. Each building has laundry facilities. Ample parking on 21,134 sq. ft. lot. Roof, furnaces and windows were updated approx. 10 years ago. Kitchens and common areas have recent updates. |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
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Contact Broker |
Agawam |
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32 unit New Listing |
2,750,000 80% Financing Available |
395,655 |
6.95 |
85,937 |
The property consists of 4 two-story buildings containing about 30,000 sq. ft. of living area and situated on 2.8 acres of land. Built in 1958 the structures are wood framed and have a brown decorative brick exterior. All large (938-1019 sq. ft.) 2BR units considered to be in excellent condition. Owner pays gas heat. Each building has a coin-op laundry room. |
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Chicopee |
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48 unit New Listing |
3,800,000 80% Financing Available |
471,827 |
8.05 |
79,166 |
Property consisits of 8 contiguous apartment buildings containing about 44,000 sq. ft. of living area and situated on 3.13 acres of land. Built in 1960, they are wood frame with brick veneer. Tenants pay own utilities, including heat. There are 1 studio, 2 1BR and 45 2 BR units and a rental office. The apartments are in excellent condition with 41 of 48 units having renovated kitchens and baths. This property may also be purchased as a portfolio with the below listed 54 units. |
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54 unit New Listing |
4,300,000 80% Financing Available |
568,500 |
7.56 |
79,629 |
Property consisits of 5 apartment buildings containing about 58,000 sq. ft. of living area and situated on 2.92 acres of land. Built in 1974, they are wood frame with brick veneer and asphalt mansard. Tenants pay own utilities, including heat. There are 5 1BR and 49 2BR units in excellent condition. All new roofs in 2009 and new laundry room in 2010 with six washers / dryers owned by the complex. This property may also be purchased as a portfolio with the above listed 48 units. |
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21 unit |
1,500,000 80% Financing Available |
218,508 |
6.86 |
71,428 |
Property consists of a 12-unit, 8-unit and single family located in a residential neighborhood. There are 12 2BR, 3 3BR, and 6 4BR units. Coin-op laundry. Only one vacancy. |
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Springfield |
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16 unit |
495,000 75% Financing Available |
129,600 |
3.82 |
30,937 |
Brick 4-story walk-up apartment building with all 2BR units. Situated on .28 acres. |
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17 unit mixed-use |
495,000 75% Financing Available |
118,536 |
4.18 |
29,117 |
Brick building has 15 apartments above 2 street level retail units. Newer roof, vinyl replacement windows, hot water gas boiler and updated wiring. New intercom/security system. Plumbing updated in 2009. Tenants pay own electric, which includes heat. Owner is finishing renovation of 5-6 units and in process of leasing them out. Bus stop in front of property. |
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Westfield |
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21 unit |
935,000 75% Financing Available |
163,998 |
5.7 |
44,523 |
Property consists of four wood buildings and free standing garage. There are 20 1BR and 1 2BR unit. Most of the units have new paint and carpet within the last 2 years. All buildings have rehabbed common halls and updated circuit panels. Three of the buildings have separate heat paid by tenants. New driveway and parking lot in 2005. |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
PPU |
Comments |
Contact Broker |
Fall River |
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27 unit |
1,490,000 75% Financing Available |
209,376 |
7.12 |
55,185 |
Property consists of three newly renovated buildings in separate locations (11, 10 and 6 units) containing 23 2BR, 3 1BR and 1 4BR unit. Locations include off-street parking and laundry facilities. All units have de-lead certtificates. |
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24 unit |
1,600,000 80% Financing Available |
192,360 |
8.32 |
66,666 |
All large 900 sq. ft. 2BR apartments in well maintained building. All but the garden units have decks. Tenants pay their own gas heat. Coin-op laundry and seasonal water views. |
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Taunton |
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31 unit |
2,600,000 80% Financing Available |
342,996 |
7.6 |
84,096 |
18 2BR/1.5BA tri-level units, 1-2BR/1.5BA duplex unit and 9-2 BR and 3-BR units gut-rehabbed in the early 1990's. The multi-level units have open loft areas with two-story living areas. The building has a master condominium deed recorded as of 1991 and lends itself to a conversion when the market rebounds. Separate utilities paid by tenants which include electric forced hot air heat and central air-conditioning and electric hot water. There is off street parking and on-site laundry. |
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18 unit |
1,275,000 80% Financing Available |
178,935 |
7.16 |
70,833 |
Stucco and masonry apartment building with 14 1BR and 4 2BR units. Tenants pay all utilities. Plenty of onsite parking. The property is very clean and in a quiet part of town. |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
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Comments |
Contact Broker |
Douglas |
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15 unit |
725,000 80% Financing Available |
136,800 |
5.3 |
48,333 |
Property consists of four buildings with 15 apartments plus a 7-car garage on .82 acres of land. Most units are deleaded. Needs some cosmetic improvements. |
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Leominster |
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10 unit |
525,000 75% Financing Available |
79,500 |
6.6 |
52,500 |
Fully occupied property consists of one studio and 9 1BR apartments. Tenants pay for their own heat (electric). Off-street parking for 10+ cars. New alarm system. Close to Rte. 2 and the new train station. |
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Milford |
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24 unit New Listing |
1,650,000 80% Financing Available |
200,000 |
8.25 |
68,750 |
Apartment building with 18 studios and 6 1BR units. On-site parking. 1.34 acre lot. |
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Oxford |
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12 unit New Listing |
895,000 75% Financing Available |
107,000 |
8.36 |
74,583 |
Fully occupied apartment building with new windows, fire escape, fire alarm system, boiler, fuel tanks and insulation. Building was gut rehabbed in 1995. |
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Spencer |
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10 unit mixed-use |
649,000 75% Financing Available |
84,991 |
7.64 |
Mixed-use property situated on .41 acre corner lot in downtown Spencer. The 11,886 sq. ft. building consists of 8 office/retail units and 2 apartments. |
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Whitinsville |
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6 unit |
400,000 75% Financing Available |
64,800 |
6.17 |
66,666 |
All 1,000 sq. ft. 2BR units. Brand new roof. Utilities are separately metered and tenants pay for heat. Each unit has W/D hook-up and parking for 2 cars. Town water and sewer. |
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Worcester |
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46 unit |
3,900,000 80% Financing Available |
508,000 |
7.67 |
84,782 |
1989 4-story brick and masonry building consists of 16 1BR, 13 2BR and 17 2BR/2BA units. On-site coin-op laundry and two cell towers. Two+ off-street parking places per unit. |
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25 unit |
1,900,000 80% Financing Available |
239,328 |
7.94 |
76,000 |
The property consists of a 23-unit garden style apartment building (12 1BR and 11 2BR units) and a 2-Family house. Ample off-street parking and on-site laundry. Potential to develop an additional 23 units. |
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16 unit |
1,300,000 80% Financing Available |
169,200 |
7.68 |
81,250 |
Brick apartment building located near Clark University. There are 2 1BR and 14 2BR units plus a 10-car garage and coin-op laundry for additional income. Building has been completely renovated over the past 8 years and has a new roof and new vinyl windows. |
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17 unit |
1,350,000 80% Financing Available |
166,800 |
8.09 |
79,411 |
Brick garden style buildings with 2 studios, 8 1BR and 7 2BR units. Additional income from laundry and storage. Oil heat paid for by owner. |
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Town |
Property Description |
Asking Price |
Gross Income |
Gross Multiplier |
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Comments |
Contact Broker |
Hull |
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Rooming House |
795,000 Financing Available |
185,000 |
4.3 |
Licensed Lodging House for Sale 22 Rooms, 4 Apartments. Furnished, fully up to code, fully sprinklered and fire alarmed. Very good condition with ocean and bay views. The owner has made many improvements including three new gas boilers, updated electrical, a new rubber roof, and new windows. Rooms come fully furnished and share a full bath on each floor. Each floor has a front balcony with ocean and bay views. A live-in manager takes care of all day-to-day items and is willing to stay for the new owner. Owner pays all utilities. |
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Ware |
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No current listings |
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Town |
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Great Barrington |
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66 unit New Listing |
5,200,000 80% Financing Available |
712,000 |
7.3 |
The property consists of 8 detached single story apartment buildings containing about 45,000 sq. ft. of living area situated on 4.53 acres of land. The units are in excellent condition. There are 30 1BR and 36 2BR units. Gas heat is included in rent. Built in 1972, the buildings are wood frame with vinyl exterior. |
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Lee |
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27 unit mixed-use New Listing |
289,000 |
9.34 |
Fully occupied apartment complex with 5 1BR, 20 2BR and 2 commercial units. Multiple upgraded units. Separate utilities paid for by tenants. Situated on 1.9 acres. |
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Town |
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Gross Income |
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Contact Broker |
Northfield |
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12 unit |
525,000 75% Financing Available |
101,419 |
5.18 |
Apartment building situated on 6 acres of land. 12,000 sq. ft. of living area. Only one current vacancy. |
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