44 Howarth Rd - Apartments FOR SALE


Oxford, MA 01540
$1,175,000 USD
781-776-4000
44 Howarth Rd, Oxford, MA for Sale
$1,175,000 USD
Apartments - FOR SALE
1/14
null | 6.88% Cap Rate

44 Howarth Rd
Oxford, MA 01540


HIGHLIGHTS

  • Desirable Location
  • Value-Add Potential
  • Separate Utilities
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multifamily investment property located at 44 Howarth Road in Oxford, Massachusetts (the “Property”). The two-story building contains a total of six (6) residential units comprised of 2-Bedroom/1.5-Bathroom units with 6,286 square feet of living area in 8,541 square feet of total gross area on a 0.48-acre parcel. Four (4) of the units are townhouse units, while the other two (2) occupy the entire floor of the wing respectively featuring large layouts with a den/office space in addition to the two bedrooms. The Property offers ample on-site parking. In-place rents are below the current market rent for comparable units in the area, offering the Buyer the potential to raise rents and increase current revenue. Current tenants are Tenants at Will, and in addition to filling the sole vacancy offer immediate upside. The cash flow for the Property benefits from separately metered utilities. 44 Howarth Road also benefits from in-unit washers and dryers, and a new Owens Corning roof with transferable warranty was installed in 2023. 44 Howarth Road is situated in a quiet residential neighborhood directly on the popular French River, offering convenient access to an incredible array of outdoor recreational activities right at the Property. The location is just east of Downtown Oxford and Main Street (MA-12), the area’s primary commercial corridor, and provides convenient access to municipal offices, area schools, retailers, restaurants and area employers. The Property is just a mile and a half from Interstate 395 and 2 miles from a Home Depot and Market Basket-anchored retail center. There is also a Walmart Supercenter in town. Interstate 395 offers a direct route north to Worcester and connects to additional major highways, including I-90 (Mass Pike), which is less than 10 minutes away, providing access throughout Massachusetts and New England.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

6

PRICE/UNIT

$195,833

CAP RATE

6.88%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

OXFO-000033A-000000-B000001

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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