50 Exchange St - Multi-Family FOR SALE


Athol, MA 01331
$625,000 USD
978-302-6377
50 Exchange St, Athol, MA for Sale
$625,000 USD
Multi-Family - FOR SALE
1/27
null | 1.3% Cap Rate

50 Exchange St
Athol, MA 01331


HIGHLIGHTS

  • common laundry & an in unit washer & dryer in the first-floor apartment
  • newly installed fire monitoring system
  • completed 7th unit ready to add additional income with installation of 2nd egress
  • convenient downtown location

OVERVIEW

Outstanding value add investment opportunity in the heart of Athol! This 6/7 unit multifamily features 6 spacious 1 bed 1bath apartments with a completed 7th unit ready to add additional income once a second means of egress is installed to become compliant. Three units are currently occupied, while the remaining units are vacant, offering the next owner the flexibility to complete renovations, make light cosmetic updates or lease quickly at current market rents for immediate cash flow. Whether you're looking to reposition the property for maximum value or stabilize it with strong rental income, this property offers significant upside & long-term investment potential in a convenient downtown location.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

6

PRICE/UNIT

$104,167

CAP RATE

1.3%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6/7 unit multi-family

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,092 SF

ZONING

CA

APN/PARCEL ID

ATHO-000030-000261

ASK ABOUT THIS PROPERTY

Neil FredetteThe Fredette Group at Keller Williams MVMore Info
978-302-6377

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Neil FredetteThe Fredette Group at Keller Williams MVMore Info
978-302-6377

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