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Multifamily

14-18 Pierce Street

14 Pierce St, Foxborough, MA 02035

Listing Price: $3,250,000

Cap Rate
5.00%
Number of Units
16
Price/Unit
$203,125
Price/Gross SF
$227.27
Gross SF
14,300

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire a 16 unit multifamily property located in Foxboro, Massachusetts. The property is comprised of (16) 2 bedroom, 1 bathroom units. There is parking for 38 cars in the parking lot. The property provides investors with a value-add opportunity by completing interior and exterior renovations and increasing current rents to market levels. Foxboro MBTA Commuter Rail Station can be accessed 1.5 miles away. The site is only 180 feet from Route 1, and also has access to I-95, and I-495. The property is located within walking distance to Patriot Place, featuring more than 1.3 million square feet of shopping, dining and entertainment. Nearby retailers include: Trader Joe’s, Stop & Shop, Bed Bath and Beyond, Bass Pro Shops, Showcase Cinema, Christmas Tree Shops, and Olympia Sports. Nearby restaurants include: CBS Sporting Club, Davio’s Northern Italian Steakhouse, Skipjack’s, Tavolino, Six String Grill & Stage, Bar Louie, and family favorites like Red Robin, Five Guys Burgers and Olive Garden.

Investment Highlights

  • 16 unit multifamily property located in Foxboro, MA.
  • Value-add opportunity by completing interior and exterior renovations and increasing current rents to market levels.
  • The property is located within walking distance to Patriot Place, featuring more than 1.3 million square feet of shopping, dining and entertainment.

Exclusively Listed By

Multifamily

14-18 Pierce Street

Listing Price: $3,250,000

Cap Rate
5.00%
Number of Units
16
Price/Unit
$203,125
Price/Gross SF
$227.27
Gross SF
14,300

Investment Highlights

  • 16 unit multifamily property located in Foxboro, MA.
  • Value-add opportunity by completing interior and exterior renovations and increasing current rents to market levels.
  • The property is located within walking distance to Patriot Place, featuring more than 1.3 million square feet of shopping, dining and entertainment.

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire a 16 unit multifamily property located in Foxboro, Massachusetts. The property is comprised of (16) 2 bedroom, 1 bathroom units. There is parking for 38 cars in the parking lot. The property provides investors with a value-add opportunity by completing interior and exterior renovations and increasing current rents to market levels. Foxboro MBTA Commuter Rail Station can be accessed 1.5 miles away. The site is only 180 feet from Route 1, and also has access to I-95, and I-495. The property is located within walking distance to Patriot Place, featuring more than 1.3 million square feet of shopping, dining and entertainment. Nearby retailers include: Trader Joe’s, Stop & Shop, Bed Bath and Beyond, Bass Pro Shops, Showcase Cinema, Christmas Tree Shops, and Olympia Sports. Nearby restaurants include: CBS Sporting Club, Davio’s Northern Italian Steakhouse, Skipjack’s, Tavolino, Six String Grill & Stage, Bar Louie, and family favorites like Red Robin, Five Guys Burgers and Olive Garden.

Exclusively Listed By

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