Fifth Avenue Apartments in Taunton Sell for $1.69M
Photo Courtesy of LoopNet
The Fifth Avenue Apartments in Taunton, Mass., a 24-unit, wood-framed building with 20 two-bedroom apartments and four one-bedroom units at 9 Fifth Ave., have sold for $1.69 million.
NAI Hunneman Executive Vice President/Principal Carl Christie and Investment Sales Specialist Dan McGee procured the buyer, KC Fall River Holdings on behalf of the seller, Lotus Investment Trust.
The property, located close to Interstate 495 and Route 24 and 138, has a brick-and-wood exterior and 24 off-street parking spaces for residents. Originally built as a school in 1912, the facility was converted to use as apartments in 1986, undergoing a complete gut rehab at the time.
“Fifth Avenue Apartments is an attractive, stabilized investment property,” said Christie.
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