30 Forest St Medford, MA 02155
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
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.
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
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.109401
- Latitude
- 42.4196675
Nearby Similar for Sale
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.
