320 Elm St Southbridge, MA 01550
12-unit multifamily property with consistent rental income and redevelopment potential.
Lot size:
0.67 AcresProperty Features for 320 Elm St
General Information
- Lot size
- 0.67 Acres
Building Details
- Year built
- 1960
Source:
Elliman
Listing 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
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).