Unit Information
Prime downtown mixed-use investment property with an 8% cap rate ideal for investors seeking long term stability. Zoned Center Core in a designated Opportunity Zone offering both capital gain & historic tax credits. Exceptionally maintained, including a new roof and furnace. The first floor includes two commercial spaces: a new 10-year lease to a convenience store & an available 539 SF vanilla box with half bath. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to CVS, Cumberland Farms, restaurants, Harrington Hospital, churches, parks, city hall, the post office, fire station & library, as well as the WRTA bus stop, with free fare to amenities through the entire greater Worcester region. Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84, it offers 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 | |