Located near Southbridge Community Center on a corner lot, dead end street Three large units, each approximately 1300 sq.ft. Roof on house done in 2019 and garage in 2022. First and Second floor units have been renovated in the past few years. Unit 1 has new bath with vinyl plank flooring, tub, commode and vanity all new, refinished hardwood floors and updated kitchen. Unit 2 underwent a major renovation in the past several years for kitchen, living room, bath, flooring. Nothing to do but unpack and move in! Unit 3 does need renovation but is as large as the first two units and could be updated to reflect the condition of the first two. Rents are low due to family members and long term tenant. Market rents for units would be between $1300 to $1600 per unit. Another bonus is the five car detached garage. Owner currently rents three bays to a 3rd party for $225 month, 3rd floor to be vacant by end of April, 2023. BEST AND FINAL OFFERS DUE MONDAY 3/27/23 BY 7PM.
This home has been viewed 42 times
Last Checked: May 7th, 2024 at 4:31am (Source: MLS PIN #73089048)
Gross Income: $31,980
Gross Expenses: $4,825
Net Income Calc: $27,155
Water Views
Annual Expenses for 77 Coombs St, Southbridge MA 01550
Total Gross Expenses (Calculated)$4,825/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax4825
Annual Income & Unit Breakdown for 77 Coombs St, Southbridge MA 01550
Total Gross Income (Calculated)$31,980
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
Rent IncludesHeat
General Information for 77 Coombs St, Southbridge MA 01550
Listing ID73089048
Property TypeMulti Family / 3 Family
Price399900 ($98.16/SqFt)
Style3 Family - 3 Units Up/down
CitySouthbridge
CountyWorcester
Neighborhood(s)
Approximate Living Area Total4074
Approximate Lot Size (Acres)0.28
Total Parking10 (5 Garage)
Garage Parking5
Year Built1910
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningR3
Water ViewsNo
Water Views Features
Waterfront Features
Terms
Disclosures for 77 Coombs St, Southbridge MA 01550
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsSheds
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.25
Facilitator Compensation1
Compensation Based OnNet Sale Price
Financial Information for 77 Coombs St, Southbridge MA 01550
Real Estate Taxes4825
Tax Year2023
Assessed Value$304,600
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 77 Coombs St, Southbridge MA 01550
Elementary SchoolEastford Rd
Middle SchoolSouthbridge
High SchoolSouthbridge
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 77 Coombs St, Southbridge MA 01550