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Jenepher Spencer Facilitates $1.1M Sale Of 110 Acres Land In Dunstable, MA

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SOLD
$1,100,000

Massachusetts

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Land
Sold 03/29/2024
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Property Image
SOLD

Jenepher Spencer Facilitates $1.1M Sale Of 110 Acres Land In Dunstable, MA

Land
Sold 03/29/2024
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Summary

Asset Type:Land
Transaction Type:Sale

A 110-acre land in Dunstable, MA, was sold for $1.1 million. The property consists of a fully approved 11-lot subdivision plan, offering a prime opportunity to build homes. Situated on River Street, the land features lovely flat lots with fantastic soils, perfect for construction.

Summary of transaction details:

Jenepher Spencer from Coldwell Banker facilitated the transaction of the land. The property's proximity to amenities like the rail trail and easy commuter access to Route 113 adds to its appeal. The subdivision is located in a sought-after school district, making it an attractive investment opportunity in a well-established neighborhood.

Players

Jenepher Spencer
2 deals$2.4M volume
BROKER

Details

SOLD
IMAGE: Jenepher Spencer DATE: 03/29/2024 ADDRESS: River Street MARKET: Dunstable, MA ASSET TYPE: Land ~ ACRES: 110 BROKER: Jenepher Spencer (@JenepherSpencerRealtor_) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,100,000 NOTE: A fully approved 11-lot subdivision plan in Dunstable, MA, sold for $1.1 million, offering an opportunity to build homes on a flat, ready-to-go site surrounded by similar neighborhoods. With close proximity to amenities like the rail trail and commuter access to Route 113, the subdivision boasts fantastic soils and lovely flat lots, making it an attractive investment in a sought-after school district.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
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