Address
3-6 Witherbee Terr, Marlborough, MA
Price
$ 2,600,000
Property Attributes
- MLS#73175356
- TypeMulti-Family
- CountyMIDDLESEX
- CityMarlborough
- Zip01752
- Style5+ Family - 5+ Units Side by Side
- Year Built1925
- Taxes$ 15105
- Price$ 2,600,000
- Bedrooms19
- Full Bathrooms11
- Half Bathrooms0
- Sqr Footage8190
- Lot Size10,454 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
The Portfolio consists of four (4) adjacent two-story multi-family buildings and contains thirteen (13) units consisting of nine (9), Studio units, three (3) 2-Bedroom units and one (1) 4-Bedroom/2-Bathroom Single Family Home with 7,343 square feet of living area in 13,430 square feet of gross area on 0.38-acres of land zoned Neighborhood Business. This 13-unit multifamily portfolio is adjacent to the new Public Library Development & is situated in a private cul-de-sac. The Portfolio boasts an impressive in-place cash flow, presenting a unique opportunity for investors to acquire a high-performing asset with immediate cash flow. The opportunity exists to further unlock its potential by strategically renovating & programmatically upgrading the units in a desirable, high demand, supply constrained market. Each property in this portfolio is separately deeded, providing investors with the option to later sell each building to potential owner-occupants & maximize their return on investment.
| Price History | |
|---|---|
| 10/30/2023 | Listed $2,600,000 |
General Features
| Interior Features | Laundry Room |
|---|---|
| Sewer | Public Sewer |
| Roof | Shingle |
| Appliances | Washer,Dryer |
| Zoning | DD |
| Year Built | 1925 |
| Electric | Common,Individually Metered |
| Property SubType | 5+ Family - 5+ Units Side by Side |
| Tax Year | 2023 |
| Gross Income | 279384 |
| County | Middlesex |
| Net Operating Income | 211410 |
| Operating Expense | 67974 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Rent Includes | Unit 1(Heat,Electric,Water,Hot Water),Unit 2(Water),Unit 3(Water) |
| Total Rooms | 34 |
| Status | Extended |
| Directions | Please use GPS |
| City | Marlborough |
| Senior Community Y/N | No |
| Total Units | 13 |
| Lot Size Square Feet | 10454 |
| Waterfront Y/N | No |
| Street Name | Witherbee Terr |
| Year Built Details | Approximate |
| Tax Annual Amount | 15105 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1308900 |
| Total Actual Rent | 23282 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Unfinished |
|---|---|
| Total Stories | 5 |
| Fireplace Y/N | No |
| Full Baths | 11 |
| Total Bedrooms | 19 |
| Total Baths | 11 |
Exterior Features
| Parking Features | Paved Drive,Shared Driveway |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.24 |
| Foundation Details | Other |
| Spa | No |
| Building Area Total | 8190 |
| Lot Size Acres | 0.24 |
| Lot Size Units | Acres |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01752
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
The data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Summary or thumbnail real estate listings held by brokerage firms other than NextHome Soundings Realty are marked with the BR Logo and detailed information about them includes the name of the listing broker. Neither the listing broker nor NextHome Soundings Realty shall be responsible for any typographical errors, misinformation, or misprints and shall
