Ware Apartment Portfolio

  • Title

    Multifamily Portfolio for Sale

  • City

    Ware, MA

  • Price

    $1,200,000

  • Cap Rate

    10.6%

  • Gross Leasable Area

    28,221 SF

  • No. Units

    26

  • Price/Unit

    $46,153

  • No. Stories

    3

  • Year Built

    1850

Not found amenities.

Northeast Private Client Group is pleased to present the Ware Apartment Portfolio, a 26-unit multifamily portfolio located in Ware, Massachusetts. The portfolio consists of two buildings located at the addresses of 14-20 Otis Avenue & 48-58 Park Street. The two properties are 0.2 miles apart; a 3 minute walk.

 

14-20 Otis Avenue:

This property is comprised of two (2) one-bedroom, eight (8) two-bedroom & four (4) three-bedroom apartments. Tenants are responsible for their own heat and hot water which is supplied through individual forced hot air furnaces (propane) and hot water heaters (propane). 11 of 14 units (two one-bedroom, six two-bedroom & three three-bedroom) are regulated under an annual HAP contract, which assists tenants with housing costs. Three (3) units are market rate. The property features some off-street parking in the rear and also on-street parking in front.

 

48-58 Park Street:

This property is comprised of six (6) one-bedroom and six (6) three-bedroom townhouse style apartments. Tenants are responsible for their own heat and hot water which is supplied through individual forced hot air furnaces (propane) and hot water heaters (propane). Eight (8) of twelve (12) units (five one-bedroom and three three-bedroom) are regulated under an annual HAP contract, which assists tenants with housing costs. Four (4) units are market rate. The property features some off-street parking in the rear and also on-street parking in front.

Ware Apartment Portfolio Offering Memo