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$ 1,250,000
Est. payment | /mo
15 Beds
8 Baths
5,918 SqFt
$ 1,250,000
Est. payment | /mo
15 Beds
8 Baths
5,918 SqFt
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,918 sqft
Price per Sqft $211
MLS Listing ID 73436897
Bedrooms 15
Full Baths 8
Year Built 1890
Annual Tax Amount $10,234
Tax Year 2025
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type 5-9 Family
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.
Location
State MA
County Worcester
Zoning R3
Direction Use GPS
Interior
Fireplaces Number 1
Exterior
Total Parking Spaces 10
Garage No
Building
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Horvath & Tremblay
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