2-24 D St - Apartments FOR SALE


Whitinsville, MA 01588
$3,100,000 USD
781-776-4000
2-24 D St, Whitinsville, MA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/10
null | 8.73% Cap Rate

2-24 D St
Whitinsville, MA 01588


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Value-Add Potential & Vacancy
  • Separately Metered Utilities
  • Off-Street Parking
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment properties located at 2-12 and 14- 24 D Street in Northbridge, MA (the “Property”). The three-story buildings contain a total of twelve (12) 4-Bedroom/1-Bathroom direct-entry townhomes with 14,060 square feet of gross living area and 23,400 square feet of gross area. The Property is situated upon a 0.83-acre parcel and offers ample off-street parking with twenty-four (24) spaces available. 7/12 units were recently renovated with new kitchens featuring granite countertops, new bathrooms, and either new or refurbished flooring. 7/12 units are currently vacant allowing the buyer the opportunity to hand select quality tenants and achieve top of market rents. In place rents for the remaining 5 units are below the current market rents for comparable units in the area, offering the Buyer the potential to raise rents through programmatic upgrades to unit interiors. The cash flow for the property benefits from separately metered utilities except for municipal water and sewer. There is no common area electric expense as there are 12 separate basements and no common area. The Property is conveniently positioned within a residential neighborhood of Northbridge, offering strong accessibility and visibility near the town center. The property benefits from proximity to Route 122 and Route 146, ensuring efficient regional connectivity to Worcester, Providence, and Greater Boston. A variety of nearby retail, dining, and community amenities further support tenant appeal and overall livability in this well-connected Blackstone Valley location. More than 19,200 people live within 3 miles of the Property with an average household income of $146,802.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

12

PRICE/UNIT

$258,333

CAP RATE

8.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-24 D Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

R5

APN/PARCEL ID

NBRI-000006-A000116

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.