3-6 Witherbee Terrace, Marlborough, MA 01752
- $3,100,000
- 19
- BD
- 15
- BA
- 8,190
- SqFt
- List Price
- $3,100,000
- Price Change
- ▼ $50,000 1783662629
- Status
- ACTIVE
- MLS#
- 73535812
- Bedrooms
- 19
- Bathrooms
- 15
- Full Baths
- 14
- Half Baths
- 1
- Living Area
- 8,190
- Lot Size (Acres)
- 0.31
- Year Built
- 1925
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!
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Additional Information
- Taxes
- $16,838
- Interior Features
- Other, Living Room, Kitchen
- Parking Description
- Paved Drive, Shared Driveway, Paved
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Steve Klassner from Listing Office: Stuart St James, Inc..
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