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Closed

48 Union St., Southbridge MA 01550

$449,900

Estimated $1,132.68/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $112,475

Total Rent: 52200/year

Estimated CAP Rate: 9.22%

9 Bedrooms

4 Full Baths

4,659 SqFt

Total Parking: 8 (4 Garage)

15,360 SqFt

Highest and best offers due by Wednesday 1/3 at 6:00 pm. Great opportunity to own this four unit building with great rental income as an owner occupied or investment possibility. The property also has a 4 car garage with separate bays for additional monthly income.Two units have been completely renovated. The other two units have been occupied by the current tenants for over 15 years. Both front hallways and both rear enclosed porches are in great condition and all freshly painted. There are two units per floor with separate hallways for each side leading to part. fin. walk up attic areas for possible additional living space or storage (not included in the total living area). All tenants at will. Tenants pay own heat and hot water. Reasonable water/sewer fees. Separate oil furnaces for each unit, one was replaced about one year ago. Landlord meter has been installed for common areas. Very neat full basement.

This home has been viewed 36 times

Last Checked: May 8th, 2024 at 1:36am (Source: MLS PIN #73188859)

Gross Income: $52,200

Gross Expenses: $10,710

Net Income Calc: $41,490

CAP Rate: 9.22%

Annual Expenses for 48 Union St., Southbridge MA 01550

Total Gross Expenses (Calculated)$10,710/year

APOD AvailableNo

Heating

Electricity$168

Water$1,885

Gas$1,885

Insurance$3,819

Sewer$1,885

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,838

Annual Income & Unit Breakdown for 48 Union St., Southbridge MA 01550

Total Gross Income (Calculated)$52,200

Unit 1

Rental Income$1,150

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 3(water), Unit 4(water), Other (see Remarks)), Unit 2(water

Unit 2

Rental Income$1,050

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 3(water), Unit 4(water), Other (see Remarks)), Unit 2(water

Unit 3

Rental Income$950

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 3(water), Unit 4(water), Other (see Remarks)), Unit 2(water

Unit 4

Rental Income$1,200

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 3(water), Unit 4(water), Other (see Remarks)), Unit 2(water

General Information for 48 Union St., Southbridge MA 01550

Listing ID73188859

Property TypeMulti Family / 4 Family

Price$449,900 ($96.57/SqFt)

Style4 Family - 4 Units Side By Side

CitySouthbridge

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total4,659 SqFt

Approximate Lot Size (Acres)0.35 acres

Total Parking8 (4 Garage)

Garage Parking4 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area2394

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 48 Union St., Southbridge MA 01550

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureThe property card has 5037sf liv area, inluding 3

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$5,872

Total Gross Income By Broker$52,200

Total Net Income By Broker$46,328

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 48 Union St., Southbridge MA 01550

Real Estate Taxes$4,838

Tax Year2023

Assessed Value$289,900

Financial Data SourceOwner

Total Gross Expenses By Broker$5,872

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$52,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$46,328

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.22%

Location Information for 48 Union St., Southbridge MA 01550

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Private School, Sidewalks

Contact Information for 48 Union St., Southbridge MA 01550

Agent

Name: Miranda Bousquet

Office

Name: Bousquet Real Estate

Phone: 508-765-5411

Payment Calculator

, Interest

Property Taxes 403.17

Principal & Interest 2772.14

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Bousquet Real Estate

Miranda Bousquet

Agent Phone

Office Phone

(508) 765-5411

Text Agent Call Agent Call Office

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EXIT

Closed

48 Union St., Southbridge MA 01550

$449,900

Annual Expenses for 48 Union St., Southbridge MA 01550

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Financial Information for 48 Union St., Southbridge MA 01550

Location Information for 48 Union St., Southbridge MA 01550

Contact Information for 48 Union St., Southbridge MA 01550

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