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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.
General Information for 18-24 East St Northbridge, MA 01588 |
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| Town | Northbridge |
| County | Worcester |
| Stories | 5 |
| SQFT | 5,918 |
| Status | Available |
| Listing Number | 73436897 (MLSPIN) |
Rooms Information for 18-24 East St Northbridge, MA 01588 |
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Interior Information for 18-24 East St Northbridge, MA 01588 |
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| Fireplace | 1 |
Exterior Information for 18-24 East St Northbridge, MA 01588 |
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| Lot Size | 0.45 acres |
| Parking | Spaces: 10 Paved Drive Off Street |
| Water | Public |
| Sewer | Public Sewer |
Neighborhood Information for 18-24 East St Northbridge, MA 01588 |
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Miscellaneous Information for 18-24 East St Northbridge, MA 01588 |
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| Year Built | 1890 |
| Association Fee | 0 |
| Taxes | $10,234 /Yr |
| Comp | |
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| Condo | Data |
|---|---|
| Units | 6,920 |
| Avg Price | $933,976 |
| Avg Days Listed | 94 |
| Total New Listings | 2 |
| House | Data |
|---|---|
| Units | 12,458 |
| Avg Price | $1,251,080 |
| Avg Days Listed | 83 |
| Total New Listings | 9 |
| Multi-Family | Data |
|---|---|
| Units | 2,112 |
| Avg Price | $1,289,922 |
| Avg Days Listed | 106 |
| Total New Listings | 1 |
For a more detailed market analyis one of our real estate agents can provide you with a full report.
| Address | Closing Date | List Price | Closing Price | % of List Price |
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| Listing: 1 of 1 | Updated 5 minutes ago |
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
(AN2723/CN252872)
