Plymouth, MA–An 18 Unit Multi-family portfolio comprised of 4 buildings on 18-22 Forest Ave Court, and 40 Bourne Street in Plymouth, MA, was sold for $4,635,000.
Caroline Ligotti, Linda Redeker and Emily McGranaghan of Boston City Group, Inc. at Coldwell Banker Commercial worked with the seller and procured the buyer.
The Portfolio was comprised of some 18,240 SF and a mixture of 2, 3 & 4 bedroom units. The three Forest Ave Court buildings are situated side by side at the end of a cul-de-sac, and 40 Bourne Street features six 2-Story Townhomes overlooking the reservoir and hiking trails. Each building has ample parking and is located within close walking distance to schools and retail services.
Built sometime in the early 1900s, all buildings are situated close to the water, with some units featuring water views from the upper floors.
The buildings were all 100% leased at the time of closing with stable, long-term tenants and many significant opportunities to add value with renovations and potential expansion.