285 W Elm St
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285 W Elm St
7 Unit Apartment Building $1,050,000 ($150,000/Unit) 6.61% Cap Rate Brockton, MA 02301
Investment Highlights
- Value-Add Potential
- Strong Rental Demographics
- Well-Located
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 285 W Elm Street in Brockton, Massachusetts (the “Property”). 285 W Elm Street is improved by a three-story building containing seven (7) residential units comprised of five (5), 1-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom units, and one (1) 3-Bedroom/1-Bathroom unit with 4,839 square feet of living area in 6,874 total gross square feet on a 0.16-acre corner parcel of land. The Property features six (6) on-site parking spaces available for tenants. 285 W Elm Street is well-located in a renter-dominated market and well-maintained with low historical vacancy. There is a limited supply of multi-family property in Plymouth County with a high demand for rental units. The Property is situated on the west side of Brockton and is 0.9-miles from the Brockton MBTA Commuter Rail station. The location offers tenants convenient access to area shopping (Walmart, Market Basket, Shaw’s, Aldi, Walgreens, CVS) several options for restaurants and bars, and convenient access to the area’s major roadways. The Property is also close to several area schools including Brockton High School and Massasoit Community College.
Property Facts
| Price | $1,050,000 | Apartment Style | Garden |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.61% | Building Size | 7,179 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Price | $1,050,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,179 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.98/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | BROC-000048-000174 | Improvements Assessment | $709,600 |
| Land Assessment | $215,600 | Total Assessment | $925,200 |
PROPERTY TAXES
Parcel Number
BROC-000048-000174
Land Assessment
$215,600
Improvements Assessment
$709,600
Total Assessment
$925,200
zoning
| Zoning Code | R2 |
| R2 |
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285 W Elm St
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