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33316385
33316381

63 Cottage Lane, Concord, MA 01742

TM
MA MA 100283, CT CT 0805367 (+1)
NorthEast Private Client Group Newton
TE
MA 9585952
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton
Unpriced
0 days on market
Updated 0 days ago

Cottage Lane Multifamily

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,927
Units 10
NOI $100,003
Tenancy Multi
Pro-Forma NOI $139,128
Year Built 1850
Year Renovated 2013
Lot Size (SqFt) 6,950
Investment Type Value Add

Multifamily | 10 Units

Marketing description

Northeast Private Client Group is pleased to present The Cottage Lane Apartments, a 10-unit multifamily property located at 63 Cottage Lane in downtown Concord, Massachusetts.

The property consists of (4) studio units and (6) one-bedroom apartments. Tenant amenities include off-street parking and on-site laundry facilities. Tenants are responsible for their own electric, while ownership covers gas heat and hot water. The property has been well maintained over the years, including a roof replacement in 2013, and lead compliance certificates for all units.

Ideally situated near Concord Center, the property offers convenient access to the Concord MBTA Commuter Rail station, providing direct service into Cambridge and Downtown Boston. Concord is widely regarded as one of Greater Boston's most prestigious suburban communities, known for its top-ranked public schools, strong household incomes, and vibrant downtown district featuring boutique retail, cafés, restaurants, and local amenities.

The combination of limited multifamily inventory, strong rental demand, and high barriers to entry makes 63 Cottage Lane a compelling long-term investment opportunity in an exceptionally supply-constrained market. The Town has also adopted multifamily zoning districts in connection with the Commonwealth's MBTA Communities Act, which are intended to accommodate multifamily residential development at an average density of 15 units per acre across the district. All interested and qualified parties will have the opportunity to obtain additional information and walk the premise upon request.

Investment highlights

  • 10-Unit Multifamily Property | Downtown Concord
  • (4) Studio & (6) One Bedroom Units | Value-add Opportunity
  • Off-street Parking | Tenant Paid Electric | Coin-op Laundry

Listing Contacts

TM
MA MA 100283, CT CT 0805367 (+1)
NorthEast Private Client Group Newton
TE
MA 9585952
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton

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$100,003.00
$8,333.58/mo

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Additional Information

Name
Tim McGeary
License
MA 100283
Brokerage
Northeast Private Client Group
Title
Vice President, Investments
Name
Tom Egbers
License
9585952
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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