Greater Boston Traded Assets - Carey Cap Rate Report 3+ 19-4

Switching gears this week to evaluate some of the recently traded 3+ unit Multifamily Greater Boston properties. This weeks report will provide a look at properties sold during the second quarter of 2019.

Continuing with another solid group of low priced investments for investors with most of these showing 6+ cap rate potential and a couple that could recognize close to double digit cap rate returns from the asset purchase.

We are seeing a trend among these low priced multi family investments with final sale prices within a few points of the original list price it is not taking much to close on an asset in this price point with a good return and low cash outlay. In addition the properties mostly on the fringes but are well within the urban core in neighborhoods with excellent amenities, transportation and resources such as Dorchester and Everett.

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.