Multiple Offers -- BEST & FINAL DUE MONDAY 11/09/20 (by 12noon) -- /;\ ***CASH COW OPPORTUNITY*** $171,288 GROSS RENTAL INCOME AND $48,894 IN OPERATING EXPENSE LEAVES YOU $113,830 IN NET OPERATING INCOME!! THIS 7.0% CAP RATE ASSET IS ON 0.55 ACRE LOT, HAS NEARLY 10,000 SQ FT, AND HAS AMPLE PARKING. All separate utilities metered with 10 FHA gas furnaces and 10 gas hot water tanks. All 10 units have Lead Paint Certificates and their own individual washer and dryer hook ups for tenants convenience. Additional 8 car garages totaling over 30 parking spots is another benefit for tenant retention. Site consists of a 4 family, 6 family, and 2 different 4 car garage buildings. There are (EIGHT) three bedrooms and (TWO) two bedroom apartments in total. Six out of ten units have been updated which means UPSIDE OPPORTUNITY TO RAISE RENTS. Currently 8 tenants are on leases and 2 tenants are TAWs. Vinyl siding and vinyl windows offers easy exterior maintenance.
Off market
Price Unknown
19 Cross St #21, South Grafton, MA 01560
28beds
9,804sqft
MultiFamily
Built in 1892
-- sqft lot
$-- Zestimate®
$--/sqft
$2,039 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Gas
Features
- Flooring: Tile, Carpet, Hardwood
Interior area
- Total interior livable area: 9,804 sqft
Property
Parking
- Total spaces: 32
Features
- Exterior features: Vinyl
Lot
- Size: 0.55 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1892
Community & neighborhood
Location
- Region: South Grafton
Other
Other facts
- Basement Feature: Full
- Construction: Frame
- Electric Feature: Circuit Breakers
- Exterior: Vinyl
- Flooring: Wood, Wall To Wall Carpet, Tile
- Foundation: Fieldstone
- Hot Water: Natural Gas
- Road Type: Public
- Roof Material: Asphalt/Fiberglass Shingles
- Amenities: Shopping, Park, Medical Facility, Laundromat, Highway Access, House Of Worship, Public School
- Apod Available: Yes
- Exterior Features: Porch, Gutters, Balcony
- Utility Connections: For Gas Range, Washer Hookup
- Lot Description: Corner
- Year Round: Yes
- Mf Type: 5+ Family - 5+ Units Up/Down