A six-townhome property consisting of two three-unit buildings, located adjacent to Norton Park, one of Plainville’s most sought-after recreational areas. Each two-bedroom, 1.5-bath unit features private entrances and dedicated parking, offering a more residential feel than traditional multifamily housing.
Acquired in January 2023 for $975,000, the investment strategy focused on preserving long-term tenancy while enhancing property value. With several tenants residing there for over 10 years, capital improvements were designed to maintain the integrity of the asset, including new roofing, siding, and minor exterior enhancements. Rent adjustments were implemented gradually to maintain strong occupancy while improving cash flow.
This property’s townhome-style layout naturally attracts longer-term residents who prioritize privacy and a stable living environment. Its proximity to retail, major roadways, and employment centers ensures consistent demand, while modest yet steady rent increases enhance investment returns.
