$2,950,000
67-71 John A Dunn Memorial Drive
Rockland, MA, 02370
The 67-71 John A Dunn Memorial Drive apartment complex is a 12-unit property comprised of (2) six-unit properties which are side-by-side. The property offers a very attractive unit mix, consisting of 100% two-bed, one-bath units. Also onsite is common laundry and ample surface-level parking, and all separate utilities except water and sewer. There is a value-add opportunity at the property to mark all rents to market level, as they are currently $400 below market. All 12 units have been recently renovated, including new stainless appliances, quartz countertops, backsplash tiles, vinyl flooring, white cabinets, and bathroom fixtures. An energy audit was performed in 2023 as well to identify any ways to optimize operating expenses. In-place cap rate is over 6%, pro forma cap rate is over 8%.
Property Details
Price:
$2,950,000
MLS #:
73282717
Status:
Active
Beds:
24
Baths:
12
Address:
67-71 John A Dunn Memorial Drive
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Rockland
Listed Date:
Aug 28, 2024
State:
MA
Finished Sq Ft:
10,892
Total Sq Ft:
10,892
ZIP:
02370
Lot Size:
24,394 sqft / 0.56 acres (approx)
Year Built:
1970
Units:
12
Schools
Interior
Bathrooms
12 Full Bathrooms
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
99
Roof
Shingle
Financial
Tax Year
2024
Taxes
$27,743
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
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Courtesy of United Multi Family Corporation. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
67-71 John A Dunn Memorial Drive
Rockland, MA
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