MA
Worcester
Northbridge
01588
18-24 East St
18-24 East St, Northbridge, MA 01588
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Listing Type
Multi Family
Listing Status
active
24
$1,250,000

Home Details for 18-24 East St

Price
$1,250,000
Type
Residential Income
Bedrooms
15
Bathrooms
8.0
Square feet
5918
Year built
1890
Lot size acres
0.45
County
Worcester
Total rooms
30
Garage
Days on site
41
MLS Listing#
73436897
Property Description

This is the exclusive opportunity to purchase 7-units of multi-family investment properties located at 18-24 East Street in Northbridge. The package consists of a four-unit property and a two-unit property on one parcel, and a single-family home on another parcel. The multi-story buildings contain four (4) 2-Bedroom/1-Bathroom units, two (2) 1-Bedroom/1-Bathroom units, and one (1) 5-Bedroom/2-Bathroom unit at 24 East Street. In-place rents are significantly below the current market rates; the opportunity exists to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market. Additionally, 24 East St is a separately deeded single-family home with its own separate driveway. This offers the buyer the option to renovate the single-family home and sell it separately at a significant premium to its value within the portfolio.

Property Features
  • Parking
    • Paved
    • Off Street
  • Water Features
    • Public
Listing Courtesy: Horvath & Tremblay - 781-776-4000
Presented by: Ethan Lazar
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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