120 Dean St
Taunton, MA 02780
ReNew Taunton on Dean · Multifamily Property For Sale · 58 Units

100% Market-Rate Rental Community with Private Setting Dean Estates is a 58-unit apartment community offering the conveniences of city living while being tucked away in a private residential neighborhood. The low-density site offers picturesque grounds and balcony/patio space for select units. Strong Ongoing Revenue Growth 2018 leases have achieved a rent premium of $101 per month since acquiring the property. Current in-place leases are 8.51% higher from when ownership took over the building. With a waitlist to rent at the property, it is well positioned for continued rent growth. Opportunity for Value-Add Dean Estates presents a new owner the opportunity to put in place a renovation program or modify/expand the current renovation scope. Rents at newer competing communities average $503/month higher for 1 Bedroom units and $646/month higher for 2 Bedroom units. A new value-add program will allow new ownership to close this gap considerably. Commuter-Friendly Location Most residents choose to live at Dean Estates based on the quality housing offered and the convenient location. Dean Estates is just minutes from MA-24, I-295, and I-495, providing easy access to Providence, Boston and other nearby office parks.