The Meadows
Chelmsford, MA

 

The Meadows is a 180-unit value-add multifamily rental property constructed in 1989 with a fully-amenitized clubhouse, offering a gym, pool, and resident lounge.  The property was purchased in March 2014 for $20.25M with a $1.75M capital improvement budget to address dated unit finishes and common area upgrades.  The property was sold in September 2019 for $35.2M.