67-71 John A Dunn Memorial Drive

Rockland, MA 02370

$2,950,000
Last Sold Price
24
Beds
12
Baths
10,892 Sq. Ft.
$271 / Sq. Ft.
10,892
Sq. Ft.
$271
per Sq. Ft.

Description

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...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%.
  1. Listed by Nicholaus Jasinski • Berkadia Real Estate Advisors LLC

Property Details for 67-71 John A Dunn Memorial Drive

Town
Rockland
Area
MA-Rockland
Garage Spaces
0
Parking Spaces
99.00
Parking Spaces Total
99
LISTING UPDATED: 12/25/2024 11:52 AM

Property Details for 67-71 John A Dunn Memorial Drive

StatusSold
MLS #73282717
Days on Market26
Taxes$27,743 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1970
CountyPlymouth County

Building Information for 67-71 John A Dunn Memorial Drive

Stories3Residences12Year Built1970Building Size-Lot Size0.56 AC / 24,394 SF

Property Information for 67-71 John A Dunn Memorial Drive

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Other
  • Living Area: 10892.0
  • Color: Blue
  • SqFt with Basement: No
  • Total Units: 12
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 12.0
  • Num of Full Baths: 12
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 12.00
  • Bathrooms Total Integer: 12
  • FireplaceYN: No
  • Fireplaces: 0
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Easements
  • Roof Material: Shingle
  • Waterfront Features: Stream
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Assessments: $0
  • Book: 0
  • Tax Year: 2024
  • Zoning: 0
Building / Association Information
Living Characteristics
  • Beds Total: 24
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter, Slab
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $266,262.00
  • GRE: $85,914
  • NOI: $180,348.00
  • Operating Expense: $85,914.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $22,050.00

Property History for 67-71 John A Dunn Memorial Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 67-71 John A Dunn Memorial Drive

This home is within Rockland School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Jefferson Elementary School
PublicK to 4

John W Rogers Middle School
Public5 to 8

Rockland Senior High School
Public9 to 12

Memorial Park Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkadia Real Estate Advisors LLC, Nicholaus Jasinski

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.