617-850-9647
28 Chestnut St, Foxboro, MA for Sale
Apartments - FOR SALE
1/48
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28 Chestnut St
Foxboro, MA 02035


OVERVIEW

Boston Realty Advisors is pleased to present an exceptional opportunity to acquire Chestnut Green Apartments, a well-positioned 55-unit apartment community located in Foxborough, Massachusetts. Completed in 2008 Chestnut Green apartments was developed as part of a larger mixed-use project including 100,000 SF of Class A office space and 40,000 SF open air retail shops. The immediate neighborhood boasts a mix of single-family homes, townhomes, condominiums, neighborhood retail and commercial as well as 40+ acres of public recreation space for residents to enjoy. Located at the junction of Chestnut and Main Street in Foxborough the architecturally significant building designed by architect Charles Brigham in 1889 includes a mix of one and two bedroom homes and two bedroom plus den units ranging in size from 727 SF to 2,305 SF and 110 surface parking spaces. Units feature high ceilings, abundant sunlight, stainless steel appliances, vinyl plank flooring, full tile baths and in unit W&D. Building amenities include a fitness center, internet library, dog play area, billiards room and barbecue area. Conveniently located between Boston Providence and Worcester with easy access to I-495, I-95 and Route 1 Chestnut Green Apartments is a prime commuter location. Furthermore, the urban asset is 50 minutes from Downtown Boston via the MBTA Commuter Rail located less than 10 minutes away at either the Mansfield or Sharon stations. The attractive commuter location and high concentration of quality employment in the immediate area coupled with the presence of destination living amenities and commuters’ conveniences makes Chestnut Green Apartments a highly desirable apartment community. Chestnut Green Apartments is currently 100% leased with extremely low historical turnover due to the strength of the submarket and below market in-place rents. The property could benefit from common area improvements and significant rent increases on future renewals and new leases allowing future ownership to capitalize on the rising rents in the area. Additionally, the property offers assumable in-place debt with attractive rate & terms. Boston Realty Advisors is proud to present this opportunity on an unpriced basis We will be conducting tours of the property in the upcoming weeks with a “call-for-offers” to follow.

FOR SALE DETAILS

PRICE

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# OF UNITS

55

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chestnut Green Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2009

PARKING SPACES

110

LAND DETAILS

LAND ACRES

9.66 AC

LAND SF

420,790 SF

ZONING

R-15

APN/PARCEL ID

FOXB-000054-000000-081812

ASK ABOUT THIS PROPERTY

Kevin BenzingerBoston Realty AdvisorsMore Info
617-850-9647

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Kevin BenzingerBoston Realty AdvisorsMore Info
617-850-9647

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