Unit Information
Motivated seller - all reasonable offers considered. Prime downtown mixed-use investment property with an 8% cap rate ideal for long term stability. Zoned CC in a designated Opportunity Zone with both capital gain & historic tax credits. Exceptionally maintained, including new roof & furnace. First floor includes two commercial spaces: a new 10-year convenience store lease & an available 539 SF vanilla box. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to local amenities as well as the WRTA bus stop with free fare throughout the entire greater Worcester region! Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84 with easy access to Boston & NYC. Don’t miss this exceptional opportunity!
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01550
- Levels: 3
- Parking
- Parking: Other
- Parking Spaces: 50
- Rooms and Dimensions
- Total Units: 15
- Total Floors: 3
- Total Rooms: 28
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$1,960,000
- Listing ID: 73406319
- Bedrooms: 14
- Full Baths: 13
- Half Baths: 3
- Living Area: 9,216 sqft Convert
- Lot Size: 5,663 sqft Convert
- Acres: 0.13
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |