Unit Information
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.
- Additional Details
- Status: NEW
- Type: Multi-Family, Multi Family
- Zip Code: 01752
- Levels: 8
- Parking
- Parking: Paved,Shared Driveway
- Rooms and Dimensions
- Total Units: 13
- Total Floors: 8
- Total Rooms: 34
- Has Basement: Yes
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$3,150,000
- Status: New
- Listing ID: 73535812
- Bedrooms: 19
- Full Baths: 14
- Half Baths: 1
- Living Area: 8,190 sqft Convert
- Lot Size: 13,430 sqft Convert
- Acres: 0.31
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |