67-71 John A Dunn Memorial Drive, Rockland MA 02370
About this home
The 67-71 John A Dunn Memorial Drive apartment complex is a 12-unit property comprised of (2) six-unit properties which are side-by-side. The property offers a very attractive unit mix, consisting of 100% two-bed, one-bath units. Also onsite is common laundry and ample surface-level parking, and all separate utilities except water and sewer. There is a value-add opportunity at the property to mark all rents to market level, as they are currently $400 below market. All 12 units have been recently renovated, including new stainless appliances, quartz countertops, backsplash tiles, vinyl flooring, white cabinets, and bathroom fixtures. An energy audit was performed in 2023 as well to identify any ways to optimize operating expenses. In-place cap rate is over 6%, pro forma cap rate is over 8%.
Property Overview
Sale Statistics
This property sold exactly at the asking price.
With only 24 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Home Facts
Interior
Exterior
Parking
Utilities
Financial
Location
Neighborhood
67-71 John A Dunn Memorial Drive, Rockland MA 02370
Rockland, MA 02370
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Dec 20, 2024Listed for Sale
Aug 29, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/20/2024 | ✓ Sold | $2,950,000 | - | - | Property sold |
| 08/29/2024 | 🏠 Listed for Sale | $2,950,000 | - | - | Original listing |