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September 18, 2019  

Multi-Family Complex for Sale in Mass.

A new apartment complex in suburban Boston is on the block with an estimated value of $63 million.Trammell Crow Residential completed the 178-unit property, at 71 Boston Road in North Billerica, this year. The valuation of $354,000/unit translates to an initial annual yield of 4.5%. Walker & Dunlop is representing the Dallas developer.The occupancy rate is 95%. The one- to three-bedroom units average 1,044 square feet and rent for an average...

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