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$ 3,150,000
Est. payment /mo
New
3-6 Witherbee Terrace Marlborough, MA 01752
19 Beds
14.5 Baths
8,190 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 8,190 sqft
Price per Sqft $384
MLS Listing ID 73535812
Bedrooms 19
Full Baths 14
Half Baths 1
Year Built 1925
Annual Tax Amount $16,838
Tax Year 2026
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. At present, nearly 90% of the monthly rent comes from various tenant subsidy programs, which creates a turnkey operation with a stable, predictable revenue stream. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Twelve of thirteen units are occupied and professional property management is in place.
Location
State MA
County Middlesex
Zoning RC
Direction Witherbee Street to Witherbee Terrace
Rooms
Basement Concrete, Unfinished
Interior
Interior Features Other, Living Room, Kitchen
Heating Natural Gas
Cooling Other
Appliance Other
Exterior
Community Features Public Transportation, Shopping, Park, Other
Garage No
Building
Story 8
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Stuart St James, Inc.