289-291 Providence Rd, Grafton, MA 01560
- $1,900,000
- 12
- BD
- 8
- BA
- 4,428
- SqFt
- List Price
- $1,900,000
- Status
- NEW
- MLS#
- 73566460
- Bedrooms
- 12
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 4,428
- Lot Size (Acres)
- 0.66
- Year Built
- 1910
Property Description
Exceptional 8-Unit Multifamily Investment Opportunity – Grafton, MARare opportunity to own two multifamily buildings located at 289–291 Providence Road, Grafton, MA, offering a total of 8 residential units. The property consists of four 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, providing a desirable mix of unit types with strong rental demand.The property generates $15,700 per month in rental income ($188,400 annually) with annual operating expenses of approximately $35,262, resulting in an attractive 8% cap rate. Each apartment is separately metered, with tenants responsible for their own gas and electricity, helping minimize owner operating expenses and maximize cash flow.This well-performing investment offers stable income with additional upside through future rent increases and property improvements. Conveniently located with easy access to major highways, shopping, restaurants, schools, and area amenities, this property is an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.
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Additional Information
- Taxes
- $12,262
- Parking Description
- Paved Drive, Paved
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Sam Takla from Listing Office: Coldwell Banker Realty - Framingham.
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