BEDS7
BATHS7 full
SQUARE FEET5,914
MLS#73550203
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Outstanding value add investment opportunity in the heart of Athol! This 6/7 unit multifamily features 6 spacious 1 bed 1bath apartments with a completed 7th unit ready to add additional income once a second means of egress is installed to become compliant. Three units are currently occupied, while the remaining units are vacant, offering the next owner the flexibility to complete renovations, make light cosmetic updates or lease quickly at current market rents for immediate cash flow. The property includes a 1-car garage, carport, common laundry & an in unit washer & dryer in the first-floor apartment. Each unit is separately metered for electricity, while the owner pays heat & hot water. A newly installed fire monitoring system provides added peace of mind. Whether you're looking to reposition the property for maximum value or stabilize it with strong rental income, this property offers significant upside & long-term investment potential in a convenient downtown location.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Interior Entry, Garage Access, Concrete
Garage: 1
Lot Size: 0.09 Acres
Roof Type: Shingle
Stories: 5.0
Taxes: $4,203
Year Built: 1900
Amenities
Rain Gutters
Feature Descriptions
Building Area Total: 5914
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School
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: 5
Dwelling Type: 5-9 Family
Electric: 100 Amp Service, Individually Metered
Flooring: Vinyl, Carpet, Parquet
GarageY/N: Yes
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: M:0030 B:0261 L:0000,1448230
Parking Features: Paved Drive, Paved
Parking Total: 6
Patio And Porch: Patio, Covered
Rooms Total: 22
Sewer: Public Sewer
Units: 6
Utilities: for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Water: Public
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty-Merrimack
Agent Name: The Fredette Group
Agency Phone: 978-692-3280
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 2,112.06 per month $1,557.67 Principal & Interest $350.25 Property Tax $204.14 Homeowner's Insurance
50 Exchange St | MLS# 73550203
This multi-family property located at 50 Exchange St, Athol, MA 01331 is currently listed for sale with an asking price of $699,900. Search Athol real estate on www.masiellogrouprealestate.com today.