Palmer Townhouse Apartments

Palmer, Massachusetts, is known for its unique location, natural landmarks, and vibrant community. Often referred to as the "Town of Seven Railroads," Palmer sits at the intersection of major highways including the Massachusetts Turnpike (Interstate 90) and U.S. Route 20. This strategic location makes it a convenient hub for travel within the New England region. The town covers an area of approximately 32 square miles and is characterized by its rolling hills, lush forests, and the Quaboag River, which flows through the town, offering scenic beauty and natural resources. Palmer, Massachusetts, offers a blend of historical charm, natural beauty, and modern amenities. Its strategic location, combined with a wealth of recreational and cultural opportunities, makes it an attractive destination for residents and visitors alike. Whether you're exploring its scenic trails, enjoying a meal at a historic restaurant, or participating in community events, Palmer provides a welcoming and enriching experience.Northeast Private Client Group is pleased to present the Palmer Townhouse Apartments, a 24-unit multifamily property located in Palmer, Massachusetts. The Palmer Townhouse Apartments are comprised of four (4) studio and twenty (20), two bedroom, one and one-half bathroom townhouse apartments. All townhouse apartments have small private basement areas for additional storage. Heat and hot water is tenant paid in the twenty (20) town house units and landlord paid in the four (4) studio units. The property is all electric. There is ample off-street parking for all tenants and guests as well a newly upgraded laundry rooms. The property has received a significant amount of capital upgrades under current ownership. Through the Mass Save Energy Audit program, the property has received substantial blown in insulation above the second floor ceilings, all lighting throughout has been changed over to LED lights, humidity sensing bath fans and low flow shower heads. Over 75% of the toilets in the town house units have been replaced with newer, and smaller gallon per flush (GPF) toilets. All windows on the front of both buildings, 40 in total, have been replaced with Marvin "Elevate" double hung windows. The property also received new shutters on all the replacement windows as well as new Therma-Tru front doors with master keyed lock system. The roof is estimated to be 5-7 years old (done prior to current owners). There is a pride of ownership, with many of the units have also received some level of updates to include interior painting, new flooring or carpeting, new kitchens (3 in total), bathroom vanities (15 in total). All town house units are equipped with dishwasher. The property benefits from its ease of access to the Mass Turnpike, which it is directly off of exit 63. The property is located 25 minutes (19 miles) to Springfield and 35 minutes (35 miles) to Worcester. A new investor can continue the capital improvements into the property and continue the value add strategy of raising rents to market levels.