Shawomet Gardens Apartments

Somerset, MA is a desirable suburb in the Southeastern part of Massachusetts. Somerset is about 20 miles southeast of Providence, Rhode Island and 45 miles south of Boston. Somerset is part of Bristol County, one of the area’s most highly sought-after places to live and work. Across the river, Fall River sits as one of Massachusetts most up and coming municipalities. Making a name for itself during the 19th century as the country’s leader in textile manufacturing, the city is back on the rise for general manufacturing and fishing. A neighboring town, New Bedford, is one of New England’s premier southern suburban towns. New Bedford is home to one of the nation’s most valuable deep water and fishing ports, which processes more than $730M worth of cargo annually, driving intrinsic demand for industrial space within the submarket. Home to Amazon’s 1M SF distribution facility, this submarket boasts some of the strongest year over year growth of any submarket over 50M SF nationwide.Boston Realty Advisors is pleased to present the opportunity to acquire an 100% market rate, 240-Unit value-add apartment community in Somerset, Massachusetts; Shawomet Gardens. Shawomet Gardens consists of over 60 residential buildings as well as a two-family home, a single-family home, and a retail store. The property offers investors immediate scale and significant value-add potential through a strategic renovation program and rent growth. Shawomet Gardens presents a unique opportunity to purchase 240 market rate units in a demand driven submarket. Shawomet Gardens is offered for sale on an unpriced basis. Boston Realty Advisors will be conducting tours of the property in the upcoming weeks with a “call-for-offers” to follow.