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$3,995,000
Total Beds: 27 Total Baths: 19
Total Units: 16 SQFT: 10792
LOT size: 0.37 Acres
61-65 Broad St
Marlborough, MA 01752
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Property Description

16-unit turnkey investment opportunity with off-street parking in downtown Marlborough! Ideally located just off of Main Street, this 100% occupied investment property has been completely renovated within the last 3 years: new plumbing and electrical, hardwood floors throughout, kitchens with stainless steel appliances/granite countertops/shaker cabinets, etc. This corner lot property consists of 3 separate buildings - 61 Broad St (10 units), 63 Broad St (2 units) and 65 Broad St (4 units). Don't miss this outstanding investment opportunity in growing Marlborough!

Property Details

Building Information

  • Total Units: 16
  • Total Floors: 7
  • Total Bedrooms: 27
  • Total Full Baths: 19
  • Amenities: Highway Access, Park, Public Transportation, Shopping
  • Basement Features: Walk Out

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 319486
  • Gross Expenses: 89388
  • Electric Expenses: 9097
  • Water/Sewer: 10193
  • INSC: 12354
  • Repairs & Maintenance: 15000
  • RFS: 3978
  • Management Fee: 18240
  • Miscellaneous Expense: 1266
  • Net Operating Income: 230098

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73339622
  • Last Updated: 03/04/25

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Map

Seller's Representative: Todd Carter, Valender Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net 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 2025-03-04 03:05:00