17-Unit Multi-Family 4-Building Portfolio

This investment portfolio is nestled in the town of Williamstown which is the northwestern corner of Massachusetts, bordering Vermont and New York (about 155 miles northeast from New York City). Williamstown is a suburban, residential, upscale art community that is the home of Williams College, a highly selective liberal arts institution.Golden Group Real Estate is proud to present a portfolio of four 100% occupied multi-family buildings totaling 17 units (mostly 2 bed, 1 bath), each unit with its own address. With easy access to New York City (155 miles) and Boston (150 miles) for business and getaways, this upscale and culturally-rich residential community is home to Williams College (#1 Liberal Arts College in the U.S. with an endowment of $1.6M/student), the Clark Art Institute (14th largest museum in the U.S., $670M assets), the Williamstown Theater Festival (a pipeline of plays and performers to Broadway and Hollywood), and other attractions (County revenue from tourism 2021 = $900M). The property offers a great value-add investment at the current cap rate 8%. A flexible rent structure and strong market provides a buyer the opportunity to renew or re-tenant at higher rental rates. With competing supply of rental units in Williamstown currently and often at zero, there is strong market supported upside in apartment rents; a range of $50-$200 per unit may be expected through simple renewal increases. With a continuous history of significant upgrades, this very well maintained property has strong demographics and excellent potential for both long-term growth and stability. Here each building is referred by the color of its facade: Gray, Red, Blue and Yellow. Of 17 units, one (Blue building - 290 Cole Ave) is an upscale commercial unit, formerly hair salon, currently occupied by the owner’s business; continued occupancy is negotiable.