Property Description

This is the exclusive opportunity to purchase 7-units of multi-family investment properties located at 18-24 East Street in Northbridge. The package consists of a four-unit property and a two-unit property on one parcel, and a single-family home on another parcel. The multi-story buildings contain four (4) 2-Bedroom/1-Bathroom units, two (2) 1-Bedroom/1-Bathroom units, and one (1) 5-Bedroom/2-Bathroom unit at 24 East Street. In-place rents are significantly below the current market rates; the opportunity exists to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market. Additionally, 24 East St is a separately deeded single-family home with its own separate driveway. This offers the buyer the option to renovate the single-family home and sell it separately at a significant premium to its value within the portfolio.