44 South St - Apartments FOR SALE


Westborough, MA 01581
$1,570,000 USD
203-414-9232
44 South St, Westborough, MA for Sale
$1,570,000 USD
Apartments - FOR SALE
1/11
null | 8% Cap Rate

44 South St
Westborough, MA 01581


HIGHLIGHTS

  • Coin Op Laundry
  • Furnished Rooms with TVs, Fridge & Bedroom Set
  • Fire Alarm & Security Camera System

OVERVIEW

Northeast Private Client Group is pleased to present the South StreetApartment located at 44 South Street in Westborough, MA. The South Street building is a 9,214 SF building, built in 1912, sitting on 5,188 SF consisting of 14 units. Residential units comprise 12 furnished rooms (SRO) and (1) furnished studio. Common area restrooms on 2nd and 3rd floor and a common area/kitchen for tenants on 2nd and 3rd floor. Retail space with a restaurant/bar, a long-term tenant with an NNN lease, family-owned business that has occupied the space this year for 50 years. Significant capital improvements in 2021 include new HVAC systems, vinyl windows, sprinkler systems, fire alarm & security camera systems, wall insulation, flooring, light fixtures, carpentry, painting, common area kitchen & bathrooms, and new electrical panels. Other improvements include furnishing all rooms with TVs, fridge & bedroom set. All interested and qualified parties will have the opportunity to obtain additional information and walk the premise upon request

FOR SALE DETAILS

PRICE

$1,570,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

14

PRICE/UNIT

$112,143

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

BB

APN/PARCEL ID

WBOR-000021-000085

ASK ABOUT THIS PROPERTY

Francis SaenzNortheast Private Client GroupMore Info
203-414-9232

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Francis SaenzNortheast Private Client GroupMore Info
203-414-9232

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