Nina Pierce Apartments

  • Title

    Multifamily Property

  • City

    Orange, MA

  • Price

    $495,000

  • Cap Rate

    9.0%

  • Gross Leasable Area

    6,200 SF

  • No. Units

    8

  • Price/SF

    $79.84

  • Price/Unit

    $61,875

  • No. Stories

    2

  • Year Built

    1989

Not found amenities.

Northeast Private Client Group is pleased to present the Nina Pierce Apartments, an 8 unit multifamily property located in Orange, MA.

The Nina Pierce Apartments are comprised of two adjacent 4 unit buildings. Each building contains 1-one bedroom and 3 -two bedroom apartments. tenants are responsible for their own heat and hot water which is supplied through electric units. There is ample parking and a laundry facility at both buildings which provides additional income.

The property has undergone major capital improvements including newer roofs (5 years), vinyl windows (6 years) and newer hot water heaters throughout. A new owner can realize upside through raising rents to market levels.

Orange is a town in Franklin County, Massachusetts that lies 40 miles northwest of Worcester, 42 miles northeast of Springfield and 72 miles west of Boston. Route 2 is the major east-west route across the northern part of the state and lies along the town. The Springfield Terminal railway also passes through town.

As of the 2010 census, the population was about 7,518 people with the median household income being $36,849. IN 2017 the median gross rent was $799 per month.

Orange, Franklin County, MA

Nina Pierce Apartments