as of December 6th, 2024.

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If interested, please email → [email protected]

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Click below to check out the online listing on Loopnet.

Reluctantly Offering 506 Northampton St for Sale

We are offering 506 Northampton St for sale due to the need to liquidate equity. Otherwise, we would confidently hold and execute the following value-add plan. Below, we outline an investment strategy that we genuinely believe would be highly lucrative for the right buyer. Here are the key points:

• Strong investment returns. We project a total Average Annual Return of 23-29%, with an average Cash-on-Cash return of 8-9% over a 5-year holding period.
• Post-renovation targets are substantiated. We believe the post-renovation rent projections are reasonable, supported by rental comparables from September 2024, which are provided for your review below.
• Renovation budget is realistic. Our estimated renovation budget of $20-25k per unit for the 4 more extensive renovations and $5-10k per unit for the 2 lighter renovations is realistic and achievable.

Current Rent Roll

Utility Metering

Utilities for the property are as follows: