RE/MAX Professional Associates
RE/MAX Professional Associates | 508-347-9595 | [email protected]

107 Pine, Southbridge, MA 01550

Multi-Family

$199,000
Price

4
Units
5,058
Approx. GLA
*INCOME PROPERTY - INVESTMENT OPPORTUNITY* Fully occupied 4 family, 3 written TAW, 1 written lease. Updated kitchens and baths, replacement windows, separate utilities & electric with owner meter. One unit has baseboard electric heat, 3 units have individual, in-unit gas heaters. (1) 2BR Unit, (2) 3BR Units, (1) 4BR unit. 1 Unit has Lead Cert. Great cap rate and cash flow make this a fantastic addition to portfolio or first income property. Motivated seller!
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Unfinished Basement
List Price: $199,000
Type: Multi-Family
Multi-Family Type: 4 Family
Status: Contingent
Beds: 12
Baths: 4
Units: 4
Year Built: 1900
Approx. GLA: 5,058
MLS#: 72560732
 
Interior
Basement: Yes
Electricity Cost: $480
Electric Features: Individually Metered
Flooring: Wood, Vinyl, Laminate
Rooms: 26
Lead Paint: Yes, Certified Treated
Total Floors: 4
Exterior
Water: No
Acres: 0.21
Lot Size: 9,147.00
Lot Description: Shared Drive
Foundation: Fieldstone, Slab
Construction: Frame
Roof Material: Asphalt/Composition Shingles
Exterior: Shingles
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $136,100
Taxes: $2,773
Tax Year: 2019
Book/Page: 40637/202
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $38,100
Gross Expenses: $6,300
Total Rent: $3,175
Net Income: $31,800
Insurance Cost: $3,300
Sewer Cost: $1,880
Water Cost: $1,280
 
Additional
Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, House of Worship, Private School, Public School
Exclusions: Excluding tenants belongings.
Disclosure Declaration: No
Disclosure: Lead certs for 1 unit.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 2 0 1 1 0 No 1 $675
Unit 2 6 3 0 2 1 0 Yes 1 $1,000
Unit 3 6 3 0 3 1 0 No 1 $850
Unit 4 8 4 0 4 1 0 No 1 $650
Units Extras
Unit 1
Heating:  Gas, Individual 
Unit 2
Heating:  Gas, Individual 
Unit 3
Heating:  Electric Baseboard 
Unit 4
Heating:  Gas, Individual 
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The listing office is RE/MAX Prof Associates and the listing agent is Jessica MacDonald. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
 
Jessica MacDonald
Jessica MacDonald
RE/MAX Professional Associates