BOSTON - Boston Realty Advisors, the largest Boston-based independent real estate brokerage, is exclusively representing the owners of Chestnut Green Apartments, a well-positioned 55-unit apartment community located in Foxborough, MA.
Built in 1889 by esteemed Boston architect Charles Brigham at the junction of Chestnut and Main Street, Chestnut Green Apartments includes 55 units and was redeveloped in 2008 as part of a larger, mixed-use project including 100,000 square feet of Class A office space and 40,000 square feet of open-air retail shops. They include Conrad’s, Sharon Credit Union, Supercuts, Firefly Yoga and 40-plus acres of public recreation space.
“We are excited to be marketing Chestnut Green Apartments,” said Andrew Herald, Associate Director of Boston Realty Advisors. “The property’s proximity to major highways and multiple MBTA Commuter Rail stations, immediate neighborhood retail, below market rents, and attractive assumable debt make this a unique opportunity for investors.”
The 55 units include a mix of one-, two- and three-bedroom units ranging in size from 727 to 2,305 square feet, with ample parking. Units feature 12- to 20-foot ceilings, abundant sunlight, stainless steel appliances, granite countertops, vinyl plank flooring, large walk-in closets, full-tile baths and in-unit washers and dryers.
Amenities include a fully equipped 24-hour fitness center, internet library, dog play area, media and billiards room, and barbecue area.
Chestnut Green Apartments is situated in an ideal commuter location with convenient access to Boston, Providence and Worcester via I-95, I-495 and Route 1, all less than two miles away. Patriot Place Shops and Gillette Stadium are less than 1.5 miles away and provide access to additional shopping, dining, and entertainment.
Residents have their pick of MBTA Commuter Rail stations with both Mansfield and Sharon stations less than 10 minutes away, providing direct access to Boston and Providence and points beyond.
The offering is currently 100 percent leased and has low historical turnover and strong income from current tenants. Boston Realty Advisors will be conducting tours of the property in the upcoming weeks with a call for offers to follow.