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INVESTMENT HIGHLIGHTS
RARE CRITICAL MASS: The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA. The residential unit matrix is an attractive mix of Studio Units, 1-Bedroom units, 2-Bedroom units and 3-Bedroom units, which satisfies the high-demand for work-force housing in the Boston/North Shore real estate market.
RECENT CAPITAL IMPROVEMENTS: Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and enhanced and many of the kitchens have been redone with granite countertops and modern amenities.
VALUE-ADD POTENTIAL: The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market.
HOUSING DEMAND: The dynamic of the densely developed Downtown Beverly real estate market offers limited opportunity for new supply, and historically strong demand for housing. Apartment demand in the area is driven by a diverse mix of families, white-collar professionals and blue-collar workers attracted by the access to area highways, convenience to Boston and proximity to north shore beaches.
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