Listed by Compass Boston
$6,899,000
40-76 Hollis St
Details
APN 135-85-7415-000
Property Type Retail, Multifamily
Square Footage 42,386
Net Rentable (SqFt) 42,386
Units 8
Cap Rate 7.4%
NOI $510,410
Tenancy Multi
Pro-Forma Cap Rate 8.54%
Pro-Forma NOI $589,070
Price per SqFt $163
Class C
Year Built 1900
Buildings 3
Stories 3
Lot Size (SqFt) 7,804
Investment Type Value Add
Ground Lease No
Mixed-Use Value-Add Project (Retail, Multi-Family, and Office)
Marketing description
Mixed-Use Project Featuring Retail, Multi-Family, and Office (Flex) Across 3 Buildings:
- 16 Multi-Family Units (12 2-Bed Units and 4 1-Bed Units)
- 9 First Floor Retail Units
- 4 Flex Units
Recent Updates Include:
- Updated Windows Throughout Property
- Wet Sprinkler System
- New Fire Alarm Monitoring Panels
Exceptional Area
- High 3MI Demographics ($113k Median Income, 120k Population)
- Low Vacancy in Submarket (4.3% Retail, 7.3% Multi, 3.3% Industrial/Flex)
Investment highlights
Mixed-Use Property in Downtown Framingham with Income from Retail, Multi-Family, and Office. More than 9,000VPD and Significant Daily Foot Traffic:
- 4 Vacant Units (3 Residential and 1 Commercial Unit).
- Strong CAP Rate Entry With Growth Potential (7.4% Entry).
- Potential to Increase NOI by 15.4% ($510,410 --> $589,070) Immediately by Leasing Vacancy.
- Attractive basis ($172.22/SF).
Listing Contacts
Listed by Compass Boston
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$510,410.00
$42,534.17/mo
Valuation Metrics
0
DSCR
7.4%
Cap Rate
7.4%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
