Property Description

2-4 Cross St contains three (3) 3-Bedroom/1-Bathroom units and three (3) 2-Bedroom/1-Bathroom units with 4,992 square feet of gross living area in 8,273 square feet of gross area. The Property is situated upon a 0.12-acre parcel and features over two (2+) off-street parking spaces. 2-4 Cross Street, with all units featuring desirable direct-entry style units on a well-positioned corner lot, has been well-maintained by current ownership. The Property features strong in-place rents, offering immediate cash flow, and recent CapEx includes new building siding. The Property features separately metered utilities, with tenants responsible for gas powered heat & hot water, as well as electricity. The Landlord is responsible for providing city water & sewer. The Property is well-positioned in Southbridge, offering convenient access to the town’s central business district, neighborhood retail corridors, and surrounding residential areas. Listed at a 9.2% cap rate.