MA
Middlesex
Marlborough
01752
3-6 Witherbee Terrace
3-6 Witherbee Terrace, Marlborough, MA 01752
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Listing Type
Multi Family
Listing Status
Active
40
$3,100,000

Home Details for 3-6 Witherbee Terrace

Price
$3,100,000
Type
Residential Income
Bedrooms
19
Total Bathrooms
15
Full Bathrooms
14
Half Bathrooms
1
Square feet
8190
Year built
1925
Lot size acres
0.31
County
Middlesex
Total rooms
34
Basement
Concrete, Unfinished
Days on site
45
MLS Listing#
73535812
Property Description

TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Twelve of thirteen units are occupied and professional property management is in place. The only vacant unit is in the process of being improved, which will be a further added bonus the new owner will enjoy!

Property Features
  • Parking
    • Paved
    • Shared Driveway
  • Basement
    • Concrete
    • Unfinished
  • Cooling Information
    • Other
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • House Interior
    • Other
Listing Courtesy: Stuart St James, Inc. - 617-819-5850
Presented by: Steve Klassner
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Median Days on Site
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT NEW OPTIONS REAL ESTATE
12 Main Street, Leominster, MA 01453
Office
888 363 3948
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