$2,950,000

67-71 John A Dunn Memorial Drive, Rockland MA, 02370

Price per sqft$270.84

Built in1970

Property size10,892 sqft

Property typeMulti-family

Overview

Sold

Listed Aug 28, 2024

Updated Aug 20

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%.

Additional information

MLS^® ID: 73282717

Interior Features

Bedrooms: 24
Bathrooms: 12
Basement: No

Exterior Features

Lot Size: 0.56 Acres

Other Property Details

Taxes: $27,743
Tax Frequency: Annually
55+/Senior Community: No

This listing is provided by Nicholaus Jasinski with Berkadia Real Estate Advisors LLC

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Data last updated 12:30 AM UTC, 8/20/2026