781-454-7502
1 Lariviere Ave, Three Rivers, MA for Sale
Apartments - FOR SALE
1/2
null | Request Cap Rate

1 Lariviere Ave
Three Rivers, MA 01080


HIGHLIGHTS

  • 100% MARKET-RATE WITH STRONG PROPERTY LEVEL FUNDAMENTALS
  • SIGNIFICANT REMAINING UPSIDE IN RENTS THROUGH LTL & RENOVATIONS
  • STRONG RENTER DEMOGRAPHICS & ACCESS TO LIFESTYLE AMENITIES

OVERVIEW

Palmer Gardens is a 47-unit apartment community (74% two-bedrooms) in Palmer (Three Rivers), MA. The community continues to experience strong property fundamentals, with proven value-add upside and favorable in-place debt. We are offering this property for sale without an asking price, and will be conducting tours with a call-for-offers to follow shortly thereafter. CBRE Capital Markets has been exclusively retained to sell The NBM Apartment Portfolio (the “Portfolio”), 267-unit, four-property apartment portfolio. The four properties are Palmer Gardens in Palmer, MA, Brookview Townhomes in Westfield, MA, Longhill Gardens in Southampton, MA & 905 Lofts in East Hartford, CT. While we are offering this opportunity as a portfolio, we welcome offers on a sub-portfolio or individual basis.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

47

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palmer Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.48 AC

LAND SF

151,589 SF

ZONING

-

APN/PARCEL ID

PALM-000070-000000-000093

ASK ABOUT THIS PROPERTY

781-454-7502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

781-454-7502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.