18-24 East St, Northbridge, MA 01588
- $1,000,000
- 15
- BD
- 8
- BA
- 5,918
- SqFt
- Sold Price
- $1,000,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 73436897
- Bedrooms
- 15
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 5,918
- Lot Size (Acres)
- 0.45
- Year Built
- 1890
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.
Additional Information
- Taxes
- $10,234
- Parking Description
- Paved Drive, Off Street
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Ethan Lazar from Listing Office: Horvath & Tremblay.
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