Comprehensive permit approved and secured to build 20 net new rental units under chapter 40b. Rental units approved as 12 x 1 bedroom units, 6 x 2 bedroom units, 2 x 3 bedroom units Projected rents/monthly/annual income: pro forma included in attached sales deck. Buyer will work with already paid 40b consultant to finalize state approval. To finalize Buyer will need to secure financing. Building permit is waiting for new buyer to complete, with all documentation submitted and approved by the town. Hard costs based on actual bids which will be shared with prospective buyer(s). Possible condo conversion available / multiple exit strategies.
Pembroke is located in Massachusetts. Pembroke, Massachusetts has a population of 18,329. Pembroke is more family-centric than the surrounding county with 37.8% of the households containing married families with children. The county average for households married with children is 32.09%.
The median household income in Pembroke, Massachusetts is $130,015. The median household income for the surrounding county is $98,190 compared to the national median of $69,021. The median age of people living in Pembroke is 44.3 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 51.1 inches per year, with 42.7 inches of snow per year.
