

GRANDFIELD I,II,III, VILLAGE EAST, 10 UNIT, AND 4 UNIT
44-Unit Multifamily Portfolio
Marketing description
Now available is a rare and professionally managed multifamily portfolio consisting of 44 rental units spread across 22 separate buildings, along with a two-story single-family home currently used as an on-site office and maintenance storage facility, complete with a two-car garage. The CAP RATE is based off of FACTUAL numbers and not proforma. The unit mix includes 33 two-bedroom, one-bath units; 10 one-bedroom, one-bath units; and one two-story residence currently functioning as the property management hub. The portfolio features a variety of HVAC systems, including central heating and air, wall units, and mini-splits, offering flexibility and cost-effective maintenance options. The grounds are meticulously maintained with manicured landscaping and professionally trimmed trees, contributing to tenant satisfaction and curb appeal. Two on-site coin-operated laundry facilities serve the tenant base—already equipped with brand-new washers and dryers adding further convenience and income potential (This income has not been included). The buildings sits on Large and smaller tax folios, providing flexible financing options and the ability to utilize conventional residential loans on smaller parcels. Located within a federally designated Opportunity Zone, this asset presents a significant tax-advantaged investment opportunity for qualified buyers. Current market rents, supported by documentation, average $1,686 per month for one-bedroom units and $1,978 per month for two-bedroom units. In addition to stable cash flow from rental income, laundry operations there is the potential for increased revenue through future rent adjustments as leases come up for renewal. Whether you're a seasoned investor or seeking to take advantage of Opportunity Zone incentives, this high-performing, income-generating asset offers both immediate yield and long-term appreciation potential.
Investment highlights
Total Units: 44
Buildings: 22
Unit Mix:
• 33 Two-Bedroom / One-Bath
• 10 One-Bedroom / One-Bath
• 1 Two-Story Single-Family Home (Office/Maintenance Use)HVAC: Mix of central HVAC, wall units, and mini-splits
Grounds: Manicured landscaping, professionally maintained trees
Laundry:
• One operational laundry room with brand-new coin-operated machines
Flexible Financing: Properties sit on individual tax folios, allowing for conventional residential mortgages on smaller parcelsRenovation Upside: some units coming up for renewal with opportunity for increased rents
Zoning: Located in an Opportunity Zone with federal tax benefit eligibility
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