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$2,600,000
Total Beds: 19 Total Baths: 11
Total Units: 13 SQFT: 8190
LOT size: 0.24 Acres
3-6 Witherbee Terr
Marlborough, MA 01752
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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.

Property Details

Building Information

  • Total Units: 13
  • Total Floors: 5
  • Total Bedrooms: 19
  • Total Full Baths: 11
  • Basement Features: Unfinished Basement
  • Common Appliances: Dryer, Washer

Financial

  • APOD Available: No
  • Gross Operating Income: 279384
  • Gross Expenses: 67974
  • Net Operating Income: 211410

Utilities

  • Electric Info: Common, Individually Metered, Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1925
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73175356
  • Last Updated: 05/04/24

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Map

Seller's Representative: Dennis Kelleher, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-04 03:05:00