Sold for $2,950,000

$2,950,000

67-71 John A Dunn Memorial Dr, Rockland, MA 02370

24beds

10,892sqft

5+ Family - 5+ Units Up/Down

Built in 1970

-- sqft lot

$-- Zestimate^®

$271/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$15,151/mo

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$15,151/mo

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What's special

The 67-71 John A Dunn Memorial Drive apartment complex is a 12-unit property comprised of (2) six-unit properties which are side-by-side. The property offers a very attractive unit mix, consisting of 100% two-bed, one-bath units. Also onsite is common laundry and ample surface-level parking, and all separate utilities except water and sewer. There is a value-add opportunity at the property to mark all rents to market level, as they are currently $400 below market. All 12 units have been recently renovated, including new stainless appliances, quartz countertops, backsplash tiles, vinyl flooring, white cabinets, and bathroom fixtures. An energy audit was performed in 2023 as well to identify any ways to optimize operating expenses. In-place cap rate is over 6%, pro forma cap rate is over 8%.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 24
Bathrooms: 12
Full bathrooms: 12

Appliances

Laundry: Electric Dryer Hookup, Washer Hookup

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 10,892
Total interior livable area: 10,892 sqft

Property

Parking

Total spaces: 99
Parking features: Paved Drive, Off Street
Uncovered spaces: 99

Features

Waterfront features: Stream

Lot

Size: 0.56 Acres
Features: Easements

Details

Zoning: 0

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Frame
Foundation: Concrete Perimeter, Slab
Roof: Shingle

Condition

Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

Community & HOA

Location

Region: Rockland

Financial & listing details

Price per square foot: $271/sqft
Annual tax amount: $27,743
Date on market: 1/1/2026
Total actual rent: 22050

Price history

Date	Event	Price
12/20/2024	Sold	$2,950,000$271/sqft
Source: MLS PIN #73282717 Report a problem
8/29/2024	Listed for sale	$2,950,000$271/sqft
Source: MLS PIN #73282717 Report a problem