BEDS19
BATHS14 full 1 partial
SQUARE FEET8,190
MLS#73535812
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. At present, nearly 90% of the monthly rent comes from various tenant subsidy programs, which creates a turnkey operation with a stable, predictable revenue stream. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Twelve of thirteen units are occupied and professional property management is in place.
Property Features
Property Type: Multi Unit - Multiple
Basement: Concrete, Unfinished
Basement: Yes
Cooling: Other
Heating: Natural Gas
Lot Size: 0.31 Acres
Stories: 8.0
Taxes: $16,838
Year Built: 1925
Amenities
Other
Living Room
Kitchen
Feature Descriptions
Appliances: Other
Building Area Total: 8190
Community Features: Public Transportation, Shopping, Park, Other
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Other (See Remarks)
HeatingY/N: 1
Open Parking Y/N: Yes
Parking Features: Paved Drive, Shared Driveway, Paved
Parking Total: 0
Rent Includes: Unit 1(Heat, Electric), Unit 2(None)
Rooms Total: 34
Sewer: Public Sewer
Units: 13
Water: Public
Listed By / Shown By
Listed By
Agency Name: Stuart St James, Inc.
Agent Name: Steve Klassner
Agency Phone: 617-819-5850
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 9,332.45 per month $7,010.53 Principal & Interest $1,403.17 Property Tax $918.75 Homeowner's Insurance
3-6 Witherbee Terrace | MLS# 73535812
This multi-family property located at 3-6 Witherbee Terrace, Marlborough, MA 01752 is currently listed for sale with an asking price of $3,150,000. Search Marlborough real estate on www.masiellogrouprealestate.com today.