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142 River St, Southbridge MA 01550

$299,000

Estimated $796.50/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $99,666.67

Total Rent: 33600/year

Estimated CAP Rate: 6.17%

6 Bedrooms

3 Full Baths

2,646 SqFt

Total Parking: 2

5,445 SqFt

Wonderful investment opportunity! 2-Family (duplex + in-law apartment) generating a high monthly rental income w/ tenants currently in place. Kitchens and bathrooms and flooring all updated recently. Newer furnace. Two off-street parking spots, and great location near the river. Come explore this opportunity to own income generating investment property!

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 6:41am (Source: MLS PIN #73115747)

Gross Income: $33,600

Gross Expenses: $15,150

Net Income Calc: $18,450

CAP Rate: 6.17%

Annual Expenses for 142 River St, Southbridge MA 01550

Total Gross Expenses (Calculated)$15,150/year

APOD AvailableNo

Heating

Electricity

Water$4,000

Gas$4,000

Insurance$1,410

Sewer$4,000

Trash Removal

Repair & Maintenance$6,000

Management

Miscellaneous

Real Estate Tax$3,740

Annual Income & Unit Breakdown for 142 River St, Southbridge MA 01550

Total Gross Income (Calculated)$33,600

Unit 1

Rental Income$900

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$1,200

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit3

HeatingNo

Rent Includes

Unit 3

Rental Income$700

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 142 River St, Southbridge MA 01550

Listing ID73115747

Property TypeMulti Family

Price$299,000 ($113/SqFt)

StyleMulti Family

CitySouthbridge

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total2,646 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking2

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 142 River St, Southbridge MA 01550

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureIncludes 2 family and in-law apartment.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$11,410

Total Gross Income By Broker$33,600

Total Net Income By Broker$22,190

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 142 River St, Southbridge MA 01550

Real Estate Taxes$3,740

Tax Year2023

Assessed Value$236,100

Financial Data SourceOwner

Total Gross Expenses By Broker$11,410

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$22,190

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.17%

Location Information for 142 River St, Southbridge MA 01550

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesConservation Area, House Of Worship, Public School, Shopping, Park, Public Transportation, Sidewalks

Contact Information for 142 River St, Southbridge MA 01550

Agent

Name: Scott Driscoll

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 311.67

Principal & Interest 1842.34

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

Scott Driscoll

Agent Phone

Office Phone

(617) 340-7803

Text Agent Call Agent Call Office

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EXIT

Closed

142 River St, Southbridge MA 01550

$299,000

Annual Expenses for 142 River St, Southbridge MA 01550

Annual Income & Unit Breakdown for 142 River St, Southbridge MA 01550

General Information for 142 River St, Southbridge MA 01550

Disclosures for 142 River St, Southbridge MA 01550

Financial Information for 142 River St, Southbridge MA 01550

Location Information for 142 River St, Southbridge MA 01550

Contact Information for 142 River St, Southbridge MA 01550

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Scott Driscoll