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Closed

121 Central St, Southbridge MA 01550

$389,900

Estimated $939.89/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $129,966.67

Total Rent: 46800/year

Estimated CAP Rate: 11.06%

7 Bedrooms

3 Full, 1 Half Baths

3,870 SqFt

Total Parking: 3

6,597 SqFt

This three family unit has had many updates some done by the previous owner.The windows were replaced as well as two of the furnaces in 2012 along with many electrical updates.the roof was replaced by the previous owners.These apartments are oversized plenty of living space and storage.There are amazing views of the river as you can feel the serenity as you watch and listen as it flows by.The first floor unit has three bedrooms and one bath.The property is partially fenced on 3 sides.The first floor entrance is # 121,The second and third floor share a staircase up to your apartment and the house number is 123.Plenty of storage area in the walk in basement.First floor is occupied with a long term tenant.All three units were recently updated and freshly painted.This is a great investor opportunity.Rental incomes are all potential for the location.

This home has been viewed 41 times

Last Checked: May 7th, 2024 at 4:41am (Source: MLS PIN #73082052)

Gross Income: $46,800

Gross Expenses: $3,692

Net Income Calc: $43,108

CAP Rate: 11.06%

Water Views

Annual Expenses for 121 Central St, Southbridge MA 01550

Total Gross Expenses (Calculated)$3,692/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,692

Annual Income & Unit Breakdown for 121 Central St, Southbridge MA 01550

Total Gross Income (Calculated)$46,800

Unit 1

Rental Income$1,300

LeaseY

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$1,300

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

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

Unit 3

Rental Income$1,300

LeaseN

Bedrooms2

Bathrooms2 Full

Floor3

Levels in Unit1

HeatingYes

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

General Information for 121 Central St, Southbridge MA 01550

Listing ID73082052

Property TypeMulti Family / 3 Family

Price$389,900 ($100.75/SqFt)

Style3 Family

CitySouthbridge

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total3,870 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking3

Garage Parking

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot, Wooded

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesStream

Energy Features

Terms

Disclosures for 121 Central St, Southbridge MA 01550

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosurebathroom on third fl will be completed similar to

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$46,800

Total Net Income By Broker$46,800

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 121 Central St, Southbridge MA 01550

Real Estate Taxes$3,692

Tax Year2023

Assessed Value$233,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$46,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$46,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)11.06%

Location Information for 121 Central St, Southbridge MA 01550

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Public School, Shopping, Park, Public Transportation, Tennis Court(s)

Contact Information for 121 Central St, Southbridge MA 01550

Agent

Name: Robert Mellen

Office

Name: Custom Home Realty, Inc.

Phone: 508-473-4777

Payment Calculator

, Interest

Property Taxes 307.67

Principal & Interest 2402.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Custom Home Realty, Inc.

Robert Mellen

Agent Phone

Office Phone

(508) 473-4777

Text Agent Call Agent Call Office

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EXIT

Closed

121 Central St, Southbridge MA 01550

$389,900

Annual Expenses for 121 Central St, Southbridge MA 01550

Annual Income & Unit Breakdown for 121 Central St, Southbridge MA 01550

General Information for 121 Central St, Southbridge MA 01550

Disclosures for 121 Central St, Southbridge MA 01550

Financial Information for 121 Central St, Southbridge MA 01550

Location Information for 121 Central St, Southbridge MA 01550

Contact Information for 121 Central St, Southbridge MA 01550

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Exclusive Listing Agent

Custom Home Realty, Inc.

Robert Mellen