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Closed

23-29 N Main St, Northbridge MA 01588

$625,000

Estimated $1,408.43/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $156,250

Total Rent: 57900/year

Estimated CAP Rate: 7.59%

8 Bedrooms

4 Full Baths

3,310 SqFt

Total Parking: 8

11,370 SqFt

4 units side by side 2 story townhouse style apartments with separate electric, gas, heating and hot water. Recent roof, furnaces, newer windows, electric and more. Parking for 8 cars and each unit has a small grass area for grilling. Unit #23 has an extra large living room area that makes the apartment feel very spacious. Owner has maintained this property beautifully and all tenants keep their apartments extremely clean and well decorated. Tenants always pay rent on time and some pay months in advance. All units are currently rented below market value and one unit is vacant for showings and has just been updated to maximize rent for the new owners (unit #25 est. rent $1,500/mnth) or we could rent it out for you before closing, the option is yours. Great location convenient to Rte 146 and downtown Northbridge.

This home has been viewed 52 times

Last Checked: May 7th, 2024 at 1:10am (Source: MLS PIN #73017670)

Gross Income: $57,900

Gross Expenses: $10,475

Net Income Calc: $47,425

CAP Rate: 7.59%

Annual Expenses for 23-29 N Main St, Northbridge MA 01588

Total Gross Expenses (Calculated)$10,475/year

APOD AvailableNo

Heating

Electricity

Water$2,485

Gas$2,485

Insurance$2,250

Sewer$2,485

Trash Removal

Repair & Maintenance$1,000

Management

Miscellaneous

Real Estate Tax$4,740

Annual Income & Unit Breakdown for 23-29 N Main St, Northbridge MA 01588

Total Gross Income (Calculated)$57,900

Unit 1

Rental Income$1,200

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$1,075

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$1,050

Lease

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 23-29 N Main St, Northbridge MA 01588

Listing ID73017670

Property TypeMulti Family / 4 Family

Price$625,000 ($188.82/SqFt)

Style4 Family - 4 Units Side By Side

CityNorthbridge

CountyWorcester

MLS AreaWhitinsville

Neighborhood(s)

Approximate Living Area Total3,310 SqFt

Approximate Lot Size (Acres)0.26 acres

Total Parking8

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Granite

Accessible Features

Outdoor Space

Zoning0

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 23-29 N Main St, Northbridge MA 01588

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosuretownhouse style apartments

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$9,700

Total Gross Income By Broker$57,900

Total Net Income By Broker$57,900

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 23-29 N Main St, Northbridge MA 01588

Real Estate Taxes$4,740

Tax Year2022

Assessed Value$344,200

Financial Data SourceEstimated

Total Gross Expenses By Broker$9,700

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$57,900

BostonRealEstate.com Gross Income

Total Net Income By Broker$57,900

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.59%

Location Information for 23-29 N Main St, Northbridge MA 01588

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaWhitinsville

Area AmenitiesHighway Access, Shopping, Public Transportation

Contact Information for 23-29 N Main St, Northbridge MA 01588

Agent

Name: David Karam

Office

Name: Next Move Realty

Phone: 508-735-8074

Team Members

Payment Calculator

, Interest

Property Taxes 395

Principal & Interest 3851.05

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Next Move Realty

David Karam

Agent Phone

Office Phone

(508) 735-8074

Text Agent Call Agent Call Office

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EXIT

Closed

23-29 N Main St, Northbridge MA 01588

$625,000

Annual Expenses for 23-29 N Main St, Northbridge MA 01588

Annual Income & Unit Breakdown for 23-29 N Main St, Northbridge MA 01588

General Information for 23-29 N Main St, Northbridge MA 01588

Disclosures for 23-29 N Main St, Northbridge MA 01588

Financial Information for 23-29 N Main St, Northbridge MA 01588

Location Information for 23-29 N Main St, Northbridge MA 01588

Contact Information for 23-29 N Main St, Northbridge MA 01588

Agent

Office

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Exclusive Listing Agent

Next Move Realty

David Karam