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24342058
24342075

4 Davis St, Shirley, MA 01464

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton
$2,030,000
344 days on market
Updated 46 days ago

Davis Street Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,256
Units 10
Cap Rate 9.51%
NOI $193,116
Pro-Forma Cap Rate 11.41%
Pro-Forma NOI $231,693
Year Built 1885
Zoning SV

10-Unit Multifamily Property | Shirley, MA

Marketing description

Northeast Private Client Group is pleased to present the Davis Street Apartments at 4 Davis Street in Shirley, MA. Fully tenanted, income-generating 10-unit multifamily property located in the heart of Shirley, Massachusetts.

Brick apartment building contains approximately 7,256 square feet of finished living space across 10 units. Comprised of eight (8) one-bedrooms, a two-bedroom & a three-bedroom, situated on a 0.27-acre lot. The new owner can purchase a multifamily asset with upside potential through market rents and light renovations. Strong rental history in a high-demand commuter location.

All interested parties will have the opportunity to tour the building during scheduled appointments and obtain additional information upon request.

Investment highlights

Ten Unit Multifamily Property

(8) One-Bedroom, Two- Bedroom & Three-Bedroom Floor Plans

Tenant Paid Utilities

Ample On-Site Area with .27 Acres of SV-Zoned Land

Centrally Located Near MBTA Commuter Rail (Shirley Station), Local Shops, and Highways

Value Add Opportunity through Market Rents

Listing Contacts

NorthEast Private Client Group Shelton
FS
MA: 149766
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,116.00
$16,093.00/mo

Valuation Metrics

0
DSCR
9.51%
Cap Rate
9.51%
ROI

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Additional Information

Name
Anthony Rakuskas
License
9588289
Brokerage
Northeast Private Client Group
Title
Associate
Brokerage Address
300 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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