9-11 Summer St Southbridge, MA 01550

OFF-MARKET

Apartment buildings

Property ID

US38-Q005128

Built 1900

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Great opportunity to own a complex of buildings with many updates completed in the last 7 years. Excellent rental history. Rental income yearly is $135,900 without the commercial building. Rents are below market rent. All are tenant at will. Fully rented. Buildings are on two streets but abut each other. Commercial building SF includes basement, overhead door for easy delivery of goods. Could convert to more residential units. All separate utilities, low overhead. Apartments all different. Updates include kitchens, baths, exterior, electrical. Each unit has washer & dryer in the unit or in the basement. Off street parking. List attached for income and expenses.

Property type Apartment buildings

Year built 1900

UPID US38-Q005128

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

9-11 Summer St Southbridge, MA 01550

Southbridge metro

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6 recent transactions · within 1.5 mi

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Investment opportunity: 15-unit building with storefronts in revitalizing downtown.

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View Details
New

$849,900

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Two residential buildings share one lot with a 5-bay garage, parking, and updated electrical panels and porches.

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View Details
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View Details
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View Details
Contact for pricing
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