Marcus & Millichap Sells Kingswood Apartments Multifamily In Foxborough, MA For $2.3M

Kingswood Apartments, a 15-unit multifamily property located at 31-37 South St in Foxborough, Massachusetts, has been sold for $2.3 million. The buyer intends to undertake extensive renovations on the existing apartment buildings and explore the possibility of a smaller project on the adjacent lots. This acquisition contributes to the ongoing revitalization efforts in the downtown area.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $2,300,000
• Units: 15
• Price Per Unit: $153,333
• Address: 31-37 South St, Foxborough, MA
• Market: Foxborough, MA

The sale of Kingswood Apartments was facilitated by Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley, representing Marcus & Millichap. As brokers, they played an integral role in the successful transaction. The buyer's plans for the property indicate a commitment to improving and upgrading the apartment complex, aligning with the ongoing efforts to revitalize the downtown area.