Matthews™ Lists 216-Unit Generational Apartment Portfolio in Boston Submarket

BOSTON, MA— Matthews™, a commercial real estate investment services and technology firm, recently listed Parlmont Park Apartments, located at 10 Parlmont Park in Billerica, Massachusetts. The asset is exclusively listed by Matthews™ Vice President Nick Jasinski.

 

Parlmont Park Apartments presents a compelling 100% market-rate opportunity within the North Billerica submarket, coming to market for the first time in 50-years. Originally developed in the 1970s by the previous generation of the current ownership, the 216-unit apartment portfolio spans across nearly 8 acres and features an attractive unit mix of 50% two-bedroom, 43% 1-bedroom, and 7% studio apartments.

 

“Our Matthews™ Boston Office is profoundly honored to offer the Parlmont Park Apartments for sale to local and national investors,” Jasinski said. “The offering provides future ownership with an immensely unique opportunity to carry on the legacy of an asset that’s been impeccably managed by the family since its inception.”

 

Located within Greater Boston’s I-495 corridor, the portfolio currently benefits from strong, positively trending historical performance, with significant potential for a new owner to implement light unit renovations over time to further enhance value. By leveraging a national investor database and specialized experience in working with generational sellers, the Matthews™ agent is strategically positioning Parlmont Park Apartments to maximize the exit value for a portfolio that has stood the test of time in the New England market.

 

For more information, please contact Nick Jasinski or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.