289 Providence Rd - Apartments FOR SALE


South Grafton, MA 01560
$1,900,000 USD
978-810-5348
289 Providence Rd, South Grafton, MA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | 8.06% Cap Rate

289 Providence Rd
South Grafton, MA 01560


HIGHLIGHTS

  • Near to all the shopping centers off the area
  • lots of natural lights
  • New kitchen and bathroom

OVERVIEW

Exceptional 8-Unit Multifamily Investment Opportunity – Grafton, MA Rare opportunity to own two multifamily buildings located at 289–291 Providence Road, Grafton, MA, offering a total of 8 residential units. The property consists of four 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, providing a desirable mix of unit types with strong rental demand. The property generates $15,700 per month in rental income ($188,400 annually) with annual operating expenses of approximately $35,262, resulting in an attractive 8% cap rate. Each apartment is separately metered, with tenants responsible for their own gas and electricity, helping minimize owner operating expenses and maximize cash flow. This well-performing investment offers stable income with additional upside through future rent increases and property improvements. Conveniently located with easy access to major highways, shopping, restaurants, schools, and area amenities, this property is an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

8.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,157 SF

ZONING

RMF

APN/PARCEL ID

GRAF-000116-000000-000130

ASK ABOUT THIS PROPERTY

Sam TaklaColdwell Banker CommercialMore Info
978-810-5348

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Sam TaklaColdwell Banker CommercialMore Info
978-810-5348

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