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Key Details
Sold Price $925,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,920 sqft
Price per Sqft $116
MLS Listing ID 73097040
Sold Date 10/06/23
Bedrooms 12
Full Baths 12
Year Built 1920
Annual Tax Amount $9,149
Tax Year 2022
Lot Size 3,920 Sqft
Acres 0.09
Property Description
LOOKING FOR A LUCRATIVE INVESTMENT PROPERTY, YOU'VE FOUND IT !!! With 12 units (6 one bedroom & 6 studio) completely rented this is a great property to add to your portfolio. All units are month to month rental agreements, tenants pay their own electric (separately metered). Gas for heat and hot water paid by landlord. Security deposits being held on all units. Vacancies are never a problem !! There have been no vacant months in the past 5 years (actually, much longer !) There is a large basement with a concrete floor and a number of separate rooms that could easily be made into tenant storage and/or laundry for extra income. Rubber roof installed 2002, new boiler 2014, newer hot water system, 200 amp service, 3 phase electrical. Very well maintained and in great condition. This is in a Qualified Opportunity Zone ! As of June 2023 rent is $10,630 per month !! Cap rate 9.5%, GRM 7.84
Location
State MA
County Franklin
Zoning CC
Direction Main Street to Conway Street
Rooms
Basement Full, Partially Finished, Interior Entry, Concrete
Interior
Flooring Wood, Vinyl, Bamboo, Hardwood
Appliance Utility Connections for Gas Range
Basement Type Full, Partially Finished, Interior Entry, Concrete
Exterior
Exterior Feature Porch
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, Sidewalks
Utilities Available for Gas Range
View Y/N Yes
View City View(s)
Roof Type Rubber
Garage No
Building
Lot Description Level
Story 9
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Deborah Cahillane • Jones Group REALTORS®