Project Address: 605 Millbury St
Project Strategy:
High-Density Multi-Family Expansion
The Transformation:
Purchased as a 6-family apartment building and expanded into 8 residential units.
Technical Value-Add:
Successfully navigated zoning and building codes to add two additional units within the existing footprint/envelope, increasing the asset's rental income (NOI) by 33% and significantly boosting the cap rate valuation.
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