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77 Coombs St, Southbridge MA 01550

$399,900

Estimated $1,050.52/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $133,300

Total Rent: 31980/year

Estimated CAP Rate: 6.79%

9 Bedrooms

3 Full Baths

4,074 SqFt

Total Parking: 10 (5 Garage)

12,252 SqFt

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 26 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

CAP Rate: 6.79%

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 Tax$4,825

Annual Income & Unit Breakdown for 77 Coombs St, Southbridge MA 01550

Total Gross Income (Calculated)$31,980

Unit 1

Rental Income$815

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water), Unit 1(water, Other (see Remarks))

Unit 2

Rental Income$850

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water), Unit 1(water, Other (see Remarks))

Unit 3

Rental Income$1,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Unit 3(water), Unit 1(water, Other (see Remarks))

General Information for 77 Coombs St, Southbridge MA 01550

Listing ID73089048

Property TypeMulti Family / 3 Family

Price$399,900 ($98.16/SqFt)

Style3 Family - 3 Units Up/down

CitySouthbridge

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,074 SqFt

Approximate Lot Size (Acres)0.28 acres

Total Parking10 (5 Garage)

Garage Parking5 / Detached

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesEasements, Corner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 77 Coombs St, Southbridge MA 01550

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$32,100

Total Net Income By Broker$32,100

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.25

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 77 Coombs St, Southbridge MA 01550

Real Estate Taxes$4,825

Tax Year2023

Assessed Value$304,600

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$32,100

BostonRealEstate.com Gross Income

Total Net Income By Broker$32,100

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.79%

Location Information for 77 Coombs St, Southbridge MA 01550

Elementary SchoolEastford Rd

Middle SchoolSouthbridge

High SchoolSouthbridge

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, Pool, Private School, University

Contact Information for 77 Coombs St, Southbridge MA 01550

Agent

Name: Wendy S. McFarland

Office

Name: RE/MAX Prof Associates

Phone: 508-347-9595

Payment Calculator

, Interest

Property Taxes 402.08

Principal & Interest 2464.06

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Prof Associates

Wendy S. McFarland

Agent Phone

Office Phone

(508) 347-9595

Text Agent Call Agent Call Office

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        )

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EXIT

Closed

77 Coombs St, Southbridge MA 01550

$399,900

Annual Expenses for 77 Coombs St, Southbridge MA 01550

Annual Income & Unit Breakdown for 77 Coombs St, Southbridge MA 01550

General Information for 77 Coombs St, Southbridge MA 01550

Disclosures for 77 Coombs St, Southbridge MA 01550

Financial Information for 77 Coombs St, Southbridge MA 01550

Location Information for 77 Coombs St, Southbridge MA 01550

Contact Information for 77 Coombs St, Southbridge MA 01550

Agent

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Wendy S. McFarland