67-71 John A Dunn Memorial Drive
$2,950,000
24
12
10,892
10,892
$271
Sold 12/20/24
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%.
- Listed by Nicholaus Jasinski • Berkadia Real Estate Advisors LLC
Property Details for 67-71 John A Dunn Memorial Drive
Town
Rockland
AreaMA-Rockland
Garage Spaces0
Parking Spaces99.00
Parking Spaces Total99
LISTING UPDATED: 12/25/2024 11:52 AM
Property Details for 67-71 John A Dunn Memorial Drive
Status | Sold |
---|---|
MLS # | 73282717 |
Days on Market | 26 |
Taxes | $27,743 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5+ Family - 5+ Units Up/Down |
Year Built | 1970 |
County | Plymouth 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
Property History for 67-71 John A Dunn Memorial Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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