Property Attributes
- MLS#73175356
- TypeMulti-Family
- CountyMIDDLESEX
- CityMarlborough
- Zip01752
- Style5+ Family - 5+ Units Side by Side
- Year Built1925
- Taxes$ 15105
- Price$ 2,600,000
- Bedrooms19
- Full Bathrooms11
- Half Bathrooms0
- Sqr Footage8190
- Lot Size10,454 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
The Portfolio consists of four (4) adjacent two-story multi-family buildings and contains thirteen (13) units consisting of nine (9), Studio units, three (3) 2-Bedroom units and one (1) 4-Bedroom/2-Bathroom Single Family Home with 7,343 square feet of living area in 13,430 square feet of gross area on 0.38-acres of land zoned Neighborhood Business. This 13-unit multifamily portfolio is adjacent to the new Public Library Development & is situated in a private cul-de-sac. The Portfolio boasts an impressive in-place cash flow, presenting a unique opportunity for investors to acquire a high-performing asset with immediate cash flow. The opportunity exists to further unlock its potential by strategically renovating & programmatically upgrading the units in a desirable, high demand, supply constrained market. Each property in this portfolio is separately deeded, providing investors with the option to later sell each building to potential owner-occupants & maximize their return on investment.
Price History | |
---|---|
10/30/2023 | Listed $2,600,000 |
General Features
Interior Features | Laundry Room |
---|---|
Sewer | Public Sewer |
Roof | Shingle |
Appliances | Washer,Dryer |
Zoning | DD |
Year Built | 1925 |
Electric | Common,Individually Metered |
Property SubType | 5+ Family - 5+ Units Side by Side |
Tax Year | 2023 |
Gross Income | 279384 |
County | Middlesex |
Net Operating Income | 211410 |
Operating Expense | 67974 |
Property Type | Residential Income |
Garage Y/N | No |
Rent Includes | Unit 1(Heat,Electric,Water,Hot Water),Unit 2(Water),Unit 3(Water) |
Total Rooms | 34 |
Status | Active |
Directions | Please use GPS |
City | Marlborough |
Senior Community Y/N | No |
Total Units | 13 |
Lot Size Square Feet | 10454 |
Waterfront Y/N | No |
Street Name | Witherbee Terr |
Year Built Details | Approximate |
Tax Annual Amount | 15105 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 1308900 |
Total Actual Rent | 23282 |
Compensation Based On | Gross/Full Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Basement | Unfinished |
---|---|
Total Stories | 5 |
Fireplace Y/N | No |
Full Baths | 11 |
Total Bedrooms | 19 |
Total Baths | 11 |
Exterior Features
Parking Features | Paved Drive,Shared Driveway |
---|---|
Water Source | Public |
Lot Size Area | 0.24 |
Foundation Details | Other |
Spa | No |
Building Area Total | 8190 |
Lot Size Acres | 0.24 |
Lot Size Units | Acres |
Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool