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North Attleboro Apartments Sell Above Asking Price
Marcus & Millichap recently closed the sale of 448 Mount Hope St., a nine-unit multifamily property in North Attleboro, MA, for $2.4 million at a 6.42% cap rate. Evan Griffith and Tony Pepdjonovic, SVPs in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller and procured the buyer.
“We were very proud of the result of the sale, as we hit a North Attleboro pricing record of $266,000 per unit,” said Pepdjonovic. “We received five offers and ultimately drove the price $100,000 over asking.”
Griffith added, “This turnkey property, recently renovated with modern finishes and in-unit laundry, offered the buyer a stable income stream with no deferred maintenance.”
448 Mount Hope St., built in 1988, comprises six two-bedroom, 1.5-bath townhouse apartments and three one-bedroom, one-bath flats. The property is near the Attleboro MBTA Station, Patriot Place and Falls Pond. It underwent significant renovation in the past five years.
- ◦Sale/Acquisition
