Unique ten unit apartment complex consisting of eight buildings listed at a 10.3 % cap rate with the potential of a 21.1% Cash on Cash return. The one apartment that is in building one is a two bedroom in good condition with a new bath. In building two there are three apartments. The two on the first floor are one bedroom units and the one on the second floor is a large two bedroom unit. The six cottages are all one bedroom units all of them have been updated except cottage number one. All of the buildings have newer roofs except cottage number one. The septic system for the whole complex is new within the last ten years new ejector pump 2012. The well pump for the complex was replaced in 2011.
Two buildings being sold together one has one store and two apartments the other has two stores and seven apartments. The buildings have newer siding and windows. The potential rental income is $57,780 expenses are $16,452 per year giving you an estimated NOI of $35,550 which includes a 10% vacancy factor. At current list price cap rate is 14.2% and the cash on cash return is 36.4% based on 20% down with a 20 year amortization schedule at 5%.
Last time for sale was over 4 decades ago. Location, Location, Location. DIRECTLY Across from one of the Busiest Commuter Train platforms in all of Metrowest with extra runs being added. On Route 135. Property consists of 3024+-sq ft of ground level Retail store front, current tenant: grocery store with commercial kitchen, no lease, rents: $48,000 annual ($4000 monthly) can be divided into 3 store front units. 2nd. floor: 6 residential units, 1 bedrms, studio's & efficiency's, rents: $56,160 and no leases. Detached 2 Bay 2400+- sq ft 2002 Butler building not occupied, $20,000 in extra potential rental income. Store pays own heat, hot water, electricity, water, sewer, etc. Residential includes all utilities. This is a solid building which has Tremendous Income Potential. Ideal Commuter Bee Location! Well suited for a Large Chain type tenant or tenants. 2nd floor Residential units have Excellent potential for Increased Rents. For more information call Matt Cuddy 508-395-0070 or 800-649-5880.
Fantastic investment opportunity,allrented ( 10 apts.,2-3 storefronts.)
The property is located on the main road between Adams and North Adams. The neighboring properties are a mixture of commercial, industrial, retail, and residential. Fourteen unit apartment building with all one bedroom units. All tenants pay their own utilities. The Main roof was replaced in 06 and there is all new replacement windows. The back yard parking area gives the tenants plenty of off street parking. All apartments are in average to good condition. There is a coin-op laundry in the basement which produces about $600 in income a year. The potential rental income is $60,840, expenses are $16,743 per year giving you an NOI of $41,055 which includes a 5% vacancy factor. At current list price cap rate is 13.7% and the cash on cash return is 33.8% based on the mortgage quote received from a mortgage broker.
Investors take note! 5 buildings and 8 acres of side land for one price! Three buildings have 4 two bedroom units and Two buildings have eight 2 bedroom units . Located close to the center of town for easy shopping and all local convinces. Minutes to the Ma Pike for commuters. Paved drive and parking for all tenants. Tenants pay all their own utilities. This property is being offered for the first time.
2 SIX FAMILY HOMES WITH 2 BEDROOMS EACH. MANY UPDATES TO INCLUDE SOME WINDOWS AND FULLY DELEADED UNITS. MANY UPDATES TO INCLUDE SOME KITCHENS, BATHS HEATING UNITS ELECTRIC PANELS AND GAS LINES. FULLY RENTED TOTAL RENT $8655
Quiet one way street close to downtown, shopping, transportation, convenient to all amenities, off street parking for 5+ cars, updated kitchens, plumbing, electric and more. The one bedroom apartments are nice for single person or a couple, small but cute and homey. Nice little investment! Property will be completely finished and rented prior to closing, last apartment is a 1 bedroom to be rented for $450. per month
8,797 SFPrice Upon Req.
Mixed use property located close to center of town and on public transportation routes. Property has 3 apartments, 2- 3 bedrooms and 1-1 bedroom. The 2 3 BR units are rented and the 1 BR will be March 1. two apartments have been totally renovated. Income frome the apartments will be $2300 per month. There is an 800 sqft ground level space that could be used as an office or for retail. There is a 50 x 30 garage attached with a 10 ft door and 14 ft clear span. The lower level has been used for a wood working business and has driveway and ground level access. This property is perfect for an investor, an contractor, tradesman or other business that wants to defer a significant portion of their building expense.
Apartment Building has 12 apartments and 2 Store Fronts. 4 apartments have 1 bedroom, 4 apartments have 2 bedrooms, 4 apartments have 3 bedrooms. It is fully occupied.5 Year old roof. 15 off street parking spaces. Great Investment!!!!