This turnkey 12-unit multi-family property features eleven 2-bedroom/1-bathroom units and one studio, all with electric heat and gas hot water included in the rent. The building has been well cared for, with updates during current ownership including a paved driveway with 24 parking spaces, a new efficient gas hot water heater, and a roof replacement approximately 4 years ago. Additional income is generated from coin-operated laundry in the basement. The property is 100% occupied with consistent rental income, and all tenants are tenants at will, offering flexibility for future rent adjustments or redevelopment. This presents a great opportunity for investors seeking a stable asset with long-term potential. Conveniently located near the Connecticut border with quick access to Routes 90, 20, 84, and 395, making it attractive to commuters and tenants alike.
For sale
$1,700,000
320 Elm St, Southbridge, MA 01550
22beds
9,570sqft
Est.:
5+ Family - 5+ Units Up/Down
Built in 1960
-- sqft lot
$-- Zestimate®
$178/sqft
$-- HOA
What's special
- 4 days |
- 284 |
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