997 Broadway
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997 Broadway
5 Unit Apartment Building $700,000 ($140,000/Unit) 5.10% Cap Rate Raynham, MA 02767
Investment Highlights
- Convenient Location
- Separate Utilities
- Strong Rental Demographics & Demand
- Value-Add Opportunity
- Off-Street Parking & Amenities
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 997 Broadway in Raynham, Massachusetts (the “Property”). The two-story building contains five (5), 1-Bedroom/1-Bathroom residential units with 3,094 square feet of living area in 3,374 total gross square feet. The Property is situated on a 0.53-acre parcel of land and features an on-site laundry facility and 9 on-site parking available for tenants. 997 Broadway is well-located on MA Route 138 and well-maintained with low historical vacancy. There is a limited supply of multi-family property in Bristol County with a high demand for rental units. The Property is situated on the north side of Raynham and offers tenants convenient access to the area’s major roadways, area schools, area shopping (Walmart Supercenter, Market Basket, Trucchi’s, Walgreens, CVS), several options for restaurants and bars, and convenient access to Downtown Taunton.
Property Facts
| Price | $700,000 | Building Class | C |
| Price Per Unit | $140,000 | Lot Size | 0.53 AC |
| Sale Type | Investment | Building Size | 3,374 SF |
| Cap Rate | 5.10% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.67/1,000 SF |
| Price | $700,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 3,374 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.67/1,000 SF |
PROPERTY TAXES
| Parcel Number | RAYN-000004-000161 | Improvements Assessment | $329,200 |
| Land Assessment | $173,100 | Total Assessment | $502,300 |
PROPERTY TAXES
Parcel Number
RAYN-000004-000161
Land Assessment
$173,100
Improvements Assessment
$329,200
Total Assessment
$502,300
-
Dennis Kelleher -
Horvath & Tremblay
(781) 776-4000
x4002
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