BERLIN — An open house last Thursday for a newly renovated six-unit apartment building at 225 Blanchard St. marked the first rehabilitation project for NEMSI Properties.
But Company President Mark Cohenno said he expects it will be the first of many properties NEMSI will rehabilitate and convert into rental units. He said NEMSI now owns four or five buildings in Berlin.
“I believe in this town,” said Cohenno.
Based in Carver, Mass., Cohenno said his director of business development Vicky McMorrow introduced him to Berlin, McMorrow and her husband had come to Berlin to ride their ATVs and she persuade him to join them one weekend. He loved it and loved that the city allows ATVs to ride on city streets. He purchased a house as a second home for him to stay when ATVing here.
The head of National EMS Institute, an EMS training school with seven locations throughout Massachusetts, Cohenno said he has always been interested in real estate. With the help of Exit Realty, McMorrow said they looked at property values in the city. Finding property values very reasonable and believing that motorized recreation is still in the early stages here, he formed a capital investment group, NEMSI Properties, to rehabilitate rental properties.
The plan is to invest in luxury rentals and the Blanchard Street apartments are an example. The building has been renovated from top to bottom. The six two-bedroom apartments have new kitchens with stainless steel appliances, new flooring and custom-tiled showers with water jet inserts. Cohenno said rental fees for the apartments start at $900 a month. Rentals are on both monthly or yearly basis.
The company has set up an office in another building it owns — the former Coloumbe Real Estate office — at 181 Cole St.