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    320 Elm St Southbridge, MA 01550

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    For Sale
    $1,700,000

    12-unit multifamily property with consistent rental income and redevelopment potential.

    Lot size:
    0.67 Acres

    Property Features for 320 Elm St

    General Information

    Lot size
    0.67 Acres

    Building Details

    Year built
    1960

    Source: Byrnes Real Estate Group LLC Agent Erika Ramsland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Property For Sale

    This turnkey multi-family property features twelve units: eleven 2-bedroom/1-bathroom units and one studio. All units include electric heat and gas hot water, which are included in the rent. The building has been well cared for, with updates during current ownership including a paved driveway with 24 parking spaces, a new efficient gas hot water heater, and a roof replacement approximately 4 years ago. Additional income is generated from coin-operated laundry in the basement. The property is 100% occupied with consistent rental income, and all tenants are tenants at will, offering flexibility for future rent adjustments or redevelopment. This presents a great opportunity for investors seeking a stable asset with long-term potential. The property is conveniently located near the Connecticut border with quick access to Routes 90, 20, 84, and 395, making it attractive to commuters and tenants alike.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southbridge
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0366645
    Latitude
    42.0662471

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    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily property with consistent rental income and redevelopment potential.
    Where is this apartment building located?
    The property is located at 320 Elm St Southbridge, MA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Turnkey 12-unit multi-family property with a mix of 2-bedroom and studio units.; - 100% occupied with consistent rental income.; - Recent updates include **paved driveway with 24 parking spaces**, new efficient gas hot water heater, and roof replacement (approximately 4 years ago).
    (413) 544-8256
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    320 Elm St Southbridge, MA 01550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    320 Elm St Southbridge, MA 01550
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