Greater Boston-New Listing Carey Cap Rate Report 3+ 19-04

Most of the followers of this blog have been asking me to focus more on the larger assets in the Greater Boston area to report on the cap rate potential for properties with three or more units. Starting this month I am working on reports for new listings since July 1 in all of the Greater Boston zones that have three or more units or could be a development opportunity that results in three plus units.

A short sale on a three family in Hyde Park listed at a price that could result in an 8+ cap rate is already under agreement. There are also a few 2-3-4 star options in this report but for someone looking for a portfolio with more than $1m in annual income potential there is a portfolio of townhouses in Watertown that can be combined with another portfolio of townhouses in Newton for a combined portfolio of over 100 bedroom across 36 units.

Many of these properties have been inspected but the information provided in the report as well as the income/expenses used to calculate the ratings are based on estimates, therefore many assumptions have been made about each of the properties that would require a property visit and/or further research and due diligence before relying on this information to formulate an offer.

For more detailed information about any specific property simply email me at mcarey@sennere.com or complete a contact me form at markccarey.com/contact   and provide the report # and property number with your request for a detailed report and if you want to schedule a property visit then also provide your availability for showing times.