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Southbridge,MA 01550
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 9,216 sqft
Price per Sqft $212
MLS Listing ID 73406319
Bedrooms 14
Full Baths 13
Half Baths 3
Year Built 1907
Annual Tax Amount $10,844
Tax Year 2025
Lot Size 5,662 Sqft
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Prime downtown mixed-use investment property with an 8% cap rate ideal for investors seeking long term stability. Zoned Center Core in a designated Opportunity Zone offering both capital gain & historic tax credits. Exceptionally maintained, including a new roof and furnace. The first floor includes two commercial spaces: a new 10-year lease to a convenience store & an available 539 SF vanilla box with half bath. 13 fully occupied market-rate residential units on floors 2 & 3 provide steady income. Adjacent to a free municipal parking lot. Walking distance to CVS, Cumberland Farms, restaurants, Harrington Hospital, churches, parks, city hall, the post office, fire station & library, as well as the WRTA bus stop, with free fare to amenities through the entire greater Worcester region. Southbridge supports a stable tenant base with ~18K residents & a median income of ~$34K. Located minutes from I90 & I84, it offers easy access to Boston & NYC. Don't miss this exceptional opportunity!
Location
State MA
County Worcester
Zoning CC
Interior
Heating Central,Natural Gas
Exterior
Community Features Public Transportation,Shopping,Park,Golf,Medical Facility,Laundromat,Highway Access,Public School
View Y/N Yes
View City View(s)
Roof Type Rubber
Building
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Virtual Tour https://my.matterport.com/show/?m=7EeZp37MjXj