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116 Westwood Drive, Sturbridge, MA

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DetailMap
116 Westwood Drive

Sturbridge, MA 01566 - Outlying Worcester County MF Submarket


Property Type:Multi-Family Number of Units:14 Status:Existing Year Built:1969
Stories:2 Building Size:11,014 SF Land Area:.57 AC (24,829 SF)
For Sale Price:$799,000 Price/Unit:$57,071.43 Cap Rate:6.20 % GRM:7.20

Parking:1.45 Parking Spaces / 1,000 SF



Sale Notes:
OVERVIEW
The NAI Hunneman Capital Markets Team has been exclusively retained to sell 116 Westwood Drive in Sturbridge, MA. This investment property represents a unique opportunity to purchase a 14-unit waterfront apartment building. The building contains eight (8) one-bedroom units and six (6) studio units. There are seven (7) lakeside units with private decks and attractive views of Cedar Pond. The building is located on a 24,829 ± SF lot with off-street parking for 16 cars. 116 Westwood Drive is available for acquisition with an asking price of $850,00

WATERFRONT
Cedar Pond is a long narrow lake located in the north-central section of Sturbridge. The lake' s area is about 183 acres and its shoreline is developed with mostly single-family lake-houses. 116 Westwood Drive is located in the northern section with lake frontage and easy access. Tenants can sit on their porch or the grassed in back yard and enjoy the views. They can also launch canoes, kayaks, or a boat from the driveway/ramp along the right side of the property.

NAI Hunneman
Dan McGee
(617) 457-3400 x3266




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