Richard Cawley and Jason Braun of United Multi Family (UMF) have recently sold several apartment buildings and have several more pending and ready to close in the Southeastern Mass area. Recent closings include a 16 and 38-unit in Middleboro, 12 units in Attleboro, 23 unit mixed-use in North Attleboro and an 8 unit in Mansfield. UMF currently has 34 units in New Bedford, 30 units in Fall River and a 10-unit mixed-use property in downtown Attleboro sale pending and closing in the next 30 days.
Cawley said, "The increased activity for properties in Southeastern Mass market is due to the lack of inventory and profitable deals in the Greater Boston market. Boston investors are becoming attracted to these markets to earn a better return on their investment."
Cawley and Braun are currently marketing four additional properties in the Fall River-New Bedford market with one being the 114 units known as the Stafford Place Apartments in Fall River. This property is a five story brick building that was converted to apartments in 1989. The units are spacious with high ceilings and hardwood floors throughout.
The other three buildings are a 24-unit brick and 10 unit townhouse development in New Bedford and a 31-unit brick in Fall River.