Building Details:
• Year Built: 1974
134 College Hwy is located in Southampton, MA.
The property consists of two multi-family apartment buildings containg about 59,400/sf of living space. The buildings, built about 1975 are wood framed with brick veneer and are 2 1/2-story with gable roofs covered w/asphalt shingles. Annual turnover has averaged +/-16 over the past 2 years. There are lead certificates on some units but not all.
6.9 acres with 42' frontage on College Highway (Route 10) and 162' frontage on Gunn Road Extension. There is parking for about 120-150 cars with plenty of green recreational area..
Property is zoned Commercial Village (CV), which allows 40% building to land coverage. Present coverage is only .033%.
There 60 units (3 3rm/1br / 57 4rm/2br). The 1br units are about 715/sf and 2br units are about 864/sf. All the units are garden style with on bath.
All the units have stoves, refrigerators, air-conditioners, and dishwashers. Some of the units have been updated with microwaves.
All utilities are included in rent, i.e., electric heat, lights, cooking and a/c. Gas fired hot water is also included in rent. Owner's recently installed two new gas boilers and anticipates gas expenses to decrease.
There is one laundry room with five washers and five dryers which are owned by the complex.
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