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67 71 John A Dunn Memorial Drive

Rockland, MA 02370

24 beds
12 baths
10,892 sqft
~1/2 acre lot
$270 per sqft
1970 build
– on site

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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%.

Listing courtesy of MLSPIN / Nicholaus Jasinski / Berkadia Real Estate Advisors LLC

Last checked: Checking… • Last updated Dec 25, 2024 •

MLS# 73282717 —

The Building

Year Built:

1970
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Foundation Details:

Concrete Perimeter
Stories Total:

3
# of Units Total:

12
Building Area Total:

10892
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

99
Fireplace:

false
Laundry Features:

Electric Dryer Hookup

Room Dimensions

Living Area:

10892

Location

Directions:

gps
Latitude:

42.118919
Longitude:

-70.914497

The Property

Property Type:

Residential Income
Property Subtype:

5+ Family - 5+ Units Up/Down
Lot Features:

Easements
Lot Size Units:

Acres
Lot Size Area:

0.56
Lot Size SqFt:

24394
Lot Size Acres:

0.56
Waterfront:

false
Waterfront Features:

Stream
Farm Land Area Units:

Square Feet

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

27743

Beds

Bedrooms Total:

24

Baths

Total Baths:

12
Total Baths:

12
Full Baths:

12

The Listing

Home Warranty:

false

Utilities

Utilities:

for Electric Range
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Spa:

false

Parking

Garage:

false
Parking Total:

99
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
12/20/24 Dec 20, 2024	Sold	MLSPIN	$2,950,000
9/23/24 Sep 23, 2024	Pending	MLSPIN	$2,950,000
8/28/24 Aug 28, 2024	Listed / Active	MLSPIN	$2,950,000

Multifamily Sold on 12/20/2024

$2,950,000

Listing provided by broker:

Nicholaus Jasinski

Berkadia Real Estate Advisors LLC

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Listing Courtesy of: MLSPIN and Berkadia Real Estate Advisors LLC.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

67 71 John A Dunn Memorial Drive

Rockland, MA 02370