Multifamily
152-Unit Multifamily Portfolio
25-Property Multifamily Portfolio, Southbridge, MA 01550
Listing Price: $16,995,000
Investment Overview
Marcus and Millichap is pleased to present 152-Unit Multifamily Portfolio located in Southbridge Massachusetts. The portfolio features 25-properties including (1) eight-unit, (2) seven-units, (9) six-units, (14) four-units, (6) three-units, and (1) two-unit building; with a mix of one, two, three, and four bedroom apartments. The apartments feature modern kitchens and baths with ample storage and off-street parking available for tenants. Many of the properties are contiguous and located on the same street or neighborhood providing investors convenience with management and ownership; including 10 on Cross Street, 6 on Pine Street, 5 on Union Street, 5 on Main Street, 3 on Charlton and the others in close proximitiy. As part of Worcester County, the town of Southbridge is located along the Connecticut border with a population of just over 17,000 and is approximately 30-minutes south of Worcester and about 1-hour to Boston. Investors can expect double-digit cash-on-cash returns with the ability to increase rents to local market rates to achieve over a 20% return.
152-Unit Multifamily Portfolio
Investment Highlights
- 152-unit apartment portfolio comprised of 25-properties located in Southbridge, MA
- The portfolio is comprised of (1) eight-unit, (2) seven-units, (9) six-units, (14) four-units, (6) three-units and (1) two-unit building
- Current NOI is over $1.3M with significant upside to raise rents to local market rates due to strong demand and affordable rents for Worcester County
- Many of the properties are contiguous and located on the same street or neighborhood providing investors ease and convienece with management and ownership
- Southbridge, MA is located along the Connecticut border approximately 30-mins south of Worcester and just over 1-hour from Boston. And close promixity to the new Amazon Fulfillment Center
- Investors can expect a nearly a 10% cash-on-cash return based on the current in-place income after debt service with the ability to achieve over a 20% return
Exclusively Listed By
Financing By
Listing Price: $16,995,000
Investment Highlights
- 152-unit apartment portfolio comprised of 25-properties located in Southbridge, MA
- The portfolio is comprised of (1) eight-unit, (2) seven-units, (9) six-units, (14) four-units, (6) three-units and (1) two-unit building
- Current NOI is over $1.3M with significant upside to raise rents to local market rates due to strong demand and affordable rents for Worcester County
- Many of the properties are contiguous and located on the same street or neighborhood providing investors ease and convienece with management and ownership
- Southbridge, MA is located along the Connecticut border approximately 30-mins south of Worcester and just over 1-hour from Boston. And close promixity to the new Amazon Fulfillment Center
- Investors can expect a nearly a 10% cash-on-cash return based on the current in-place income after debt service with the ability to achieve over a 20% return
Investment Overview
Marcus and Millichap is pleased to present 152-Unit Multifamily Portfolio located in Southbridge Massachusetts. The portfolio features 25-properties including (1) eight-unit, (2) seven-units, (9) six-units, (14) four-units, (6) three-units, and (1) two-unit building; with a mix of one, two, three, and four bedroom apartments. The apartments feature modern kitchens and baths with ample storage and off-street parking available for tenants. Many of the properties are contiguous and located on the same street or neighborhood providing investors convenience with management and ownership; including 10 on Cross Street, 6 on Pine Street, 5 on Union Street, 5 on Main Street, 3 on Charlton and the others in close proximitiy. As part of Worcester County, the town of Southbridge is located along the Connecticut border with a population of just over 17,000 and is approximately 30-minutes south of Worcester and about 1-hour to Boston. Investors can expect double-digit cash-on-cash returns with the ability to increase rents to local market rates to achieve over a 20% return.
Exclusively Listed By
Financing By
