Mercer Consulting LLC
Listed by Mercer Consulting LLC
$7,950,000
The Richardson Portfolio
Details
Property Type Multifamily
Square Footage 23,323
Units 27
Cap Rate 6.07%
NOI $482,899
Occupancy 100%
Tenancy Multi
Class B
Year Built 1902
Year Renovated 2020
Buildings 5
Investment Type Stabilized
Multifamily | 6.07% CAP | 31 Units
Marketing description
The Richardson Portfolio is a five-building, 31-unit multifamily cluster located on a single block of Richardson Circle in Framingham, Massachusetts — the largest and most economically diverse city in MetroWest. The Property has been comprehensively renovated by current ownership, with hardwood floors, contemporary kitchens, modern bathrooms, and fully updated plumbing and electrical throughout. Cash flow is stabilized at $482,899 of NOI on $752,123 of total income — reflecting disciplined ownership and durable tenancy. The opportunity offers immediate scale within a tight footprint and a renovated asset positioned for long-term hold.
Investment highlights
- $482K of NOI on $752K of total income. Diversified 1BR-4BR mix with ancillary income from storage, solar, laundry, and parking.
- Five contiguous buildings deliver 31 units of operating scale within a footprint typical of a single-asset trade — exceptional efficiency for this size class.
- Hardwood floors, granite kitchens with stainless appliances and dishwashers, modern bathrooms, plumbing and electrical fully updated. Plug-and-play ownership.
Listing Contacts
Mercer Consulting LLC
Listed by Mercer Consulting LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$482,899.00
$40,241.58/mo
Valuation Metrics
0
DSCR
6.07%
Cap Rate
6.07%
ROI
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