Property Description

This well-maintained 6-unit property at 29 Charlton St in Oxford, MA features a mix of three spacious 2BR two-story units and three 1BR first floor units totaling 3,972 SF of living area on a 1.17-acre parcel. The property features ample on-site parking, a coin-op laundry facility, and a roof that is less than 5 years old. Additionally, all units are separately metered for heat, hot water, and electricity which the tenants pay directly. In place rents are currently below market rates for comparable units allowing the buyer the potential to raise rents and increase current revenue. 4/6 units are currently on TAW allowing the buyer to do this day one. 29 Charlton is well positioned in the town of Oxford where more than 13,300 people live within 3 miles of the property with an average household income of $133,700. Listed at an 8.27% cap rate.