Greater Boston-Zone 1 City-New Listing Carey Cap Rate Report 19-14-15
A few price drops on assets in Somerville and South Boston on these Greater Boston City zone reports result in average mid 4 cap rate potential or higher. Also worth pursuing is a stabilized 5 unit building with income well above market in Cambridge Highlands and a development opportunity in North Cambridge.
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.