Main Content
- Status Sold
- Property Type Multi-family
- Sold Date August 28 2018
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Represented Seller
- Mortgage Calculator
About This Property
Two-buildings deeded separately being sold together. Absolutely gorgeous property. Excellent rental income. Located on desirable neighborhood on quite tree-lined street. 100% occupied w/ leases. 8 total units, 17 beds, 11,000+SQFT. Annual rent roll over $116,000 per year. See attached INCOME & EXPENSE breakdown. Big units w/ 11'+ ceilings w/ beautiful detailed wood-work. Rents are below market. Exterior of the property does need some TLC to restore its charm but perfectly rent-able “as-is” inside. Great buy & hold OR condo-conversion opportunity. Tenants pay all utilities except HW. Property Manager is in place if you wish to keep. Near Plug’s pond beach. 7 units have gas heat, 1 unit on oil heat. Total parking 13 cars. Coin-op laundry on-site. 6 Gas furnaces replaced 2006. Replaced HW Tank 2016. Vinyl siding on 50% of the building done 2010. Located @ 1 mile to downtown shops, restaurants & commuter rail. Easy access to Route 125
