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30 Forest St Medford, MA 02155

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459 units in Hartford's desirable Asylum Hill neighborhood.

Property Features for 30 Forest St

General Information

Standard status
Active

Building Details

Year built
1968

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Listing Contact
Jordan Pinto
Source: Crexi

Listing Agency: Chozick Realty Inc Listing Agent: Jordan Pinto

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Regency Carriage Portfolio Apartments

The Regency Carriage Portfolio, situated in Hartford’s Asylum Hill neighborhood, comprises 459 residential units. The unit mix includes 87 studios, 320 one-bedroom, 48 two-bedroom, and 4 three-bedroom apartments. The properties are located in close proximity to each other, with most being adjacent, which allows for ease of management. All units in the portfolio are designated as condominiums, reducing the real estate tax rates. Asylum Hill benefits from its proximity to Hartford’s central business district, major employers, healthcare institutions, and public transportation. Employers in the Asylum Hill neighborhood include Aetna Insurance, The Hartford Insurance Group, and Saint Francis Hospital Complex. The assets have benefited from proactive ownership and ongoing capital investment, with over $2,000,000 invested in Unit Upgrades and $500,000 in general building and HVAC upgrades since 2020. These enhancements provide a foundation for stable cash flow, while offering future ownership the opportunity to further drive return growth through the continuation of the apartment upgrade program in process. The Regency Carriage Portfolio represents an opportunity to enter the Hartford market on scale, acquiring a grouping of well located assets.
Location Intelligence

Current Use by Public Records

Medford Recreation Center Family Recreation Center Chevalier Theatre Theater & Performing Art Venue Medford Youth Center Child Welfare Organization

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Medford
County
Middlesex
State
Massachusetts
Longitude
-71.109401
Latitude
42.4196675

FAQs

What type of property is this?
Apartment building - 459 units in Hartford's desirable Asylum Hill neighborhood.
Where is this apartment building located?
The property is located at 30 Forest St Medford, MA.
What are key features of this property?
This property features: - 459 residential units in Hartford's desirable Asylum Hill neighborhood, a strong rental market.; - Favorable unit mix aligns with renter demand.; - Condominium designation provides greatly reduced real estate tax rates.
More about this property
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