BEDS16
BATHS8 full
SQUARE FEET11,714
MLS#73559742
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
This 10-unit mixed use deal located right in downtown Southbridge includes four well-maintained adjacent buildings. It includes two (2) Commercial units, two (2) 3-Bedroom/1-Bathroom units, four (4) 2-Bedroom/1-Bathroom units, and two (2) Studio units with 11,714 square feet of gross living area in 19,307 square feet of gross area. All units are currently occupied. The Property is situated upon a 0.32-acre parcel and features ample off-street parking for residential tenants. The majority of tenants are TAW and below market offering immediate upside. Tenants are responsible for a mix of gas & electric powered heat and separately metered electricity. The Landlord is just responsible for hot water at 48-52 Central. 48??62 Central Street is well-positioned in downtown Southbridge, offering strong access to the towns central business district, local retail corridors, and surrounding residential neighborhoods. Priced at an 8.4 cap rate.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Heating: Natural Gas, Electric
Lot Size: 0.32 Acres
Roof Type: Shingle, Rubber
Stories: 5.0
Taxes: $16,082
Year Built: 1938
Feature Descriptions
Building Area Total: 11714
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, 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
Days on Site: 39
Dwelling Type: 5+ Family - 5+ Units Side by Side
Electric: Individually Metered
Exterior: See Remarks
HeatingY/N: 1
Lot Features: Level, Other
Open Parking Y/N: Yes
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 12
Rent Includes: Unit 1(Water, Hot Water), Unit 2(Water, Hot Water), Unit 3(Water, Hot Water), Unit 4(Water, Hot Water)
Rooms Total: 32
Sewer: Public Sewer
Units: 10
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agent Name: Ethan Lazar
Agency Phone: 781-776-4000
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,109.12 per month $2,448.12 Principal & Interest $1,340.17 Property Tax $320.83 Homeowner's Insurance
48-62 Central Street | MLS# 73559742
This multi-family property located at 48-62 Central Street, Southbridge, MA 01550 is currently listed for sale with an asking price of $1,100,000. Search Southbridge real estate on www.masiellogrouprealestate.com today.