BOSTON – Colliers International announced the sale of Schoolhouse at Lower Mills, a 62-unit apartment community in Dorchester’s Lower Mills neighborhood. This property is comprised of two attached garden-style apartment buildings. The first building is a converted 1850’s schoolhouse, while the second consists of a recently constructed four-story building with elevator service.
The high quality apartments involve a strong mix of one and two bedroom units with ease of access to the area’s major employers and academic institutions. Units feature condo-quality amenities including granite counter tops, stainless steel appliances, walk-in closets, nine to twelve-inch ceilings, and in-unit washers and dryers. Tenants enjoy an on-site fitness center and underground garage spaces and surface spaces that are available for rent.
With proximity to both the MBTA Red Line & Commuter Rail Line, Schoolhouse at Lower Mills is positioned in an ideal commuter-based setting, benefiting from the trend of transit-oriented investment opportunities.
“Schoolhouse at Lower Mills is a stable investment opportunity in an up-and-coming neighborhood,” said Chris Sower, senior vice president of the Multi-Family Investment Sales team. “The asset is close to Boston for the urban convenience, yet enjoys the suburban feel of Milton & Quincy.”