News: Front Section
Posted: January 11, 2019
United Multi Family brokers $3.725 million 30-unit apartment building sale - sold by RBT Avon Realty and CMC Avon Realty Trust
Avon, MA United Multi Family (UMF)has brokered the sale of a 30 unit apartment building at 29 Leos Ln., for $3.725 million ($124,167 per unit). Rich Cawley and Kurt Cawley of UMF brokered the sale.
The wood shingle and brick residences were built in 1970. The property was sold by RBT Avon Realty and CMC Avon Realty Trust. RP South LLC purchased the building.
Financing for the sale was provided by Rockland Trust.
The CAP rate at the time of sale was 7.12%.
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The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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