Updated Multifamily Apartment
For Sale
$2,300,000
9-11 17-19 Summer St, Southbridge, MA 01550
Fully rented multifamily complex with tenant-at-will units, separate utilities, and off-street parking.
Property Size22,742 SF
Price / SF$101.13
Days on Market159
Property Features for 9-11 17-19 Summer St
General Information
Standard status
Active
Size
22,742 SF
Zoning
R2
Occupancy
100%
Net Operating Income
$100,960
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$20,792
Building Details
Building Size
22,742 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Aucoin Ryan Realty
Listed By:
Brenda Ryan · License #453000830
(774) 230-0590
Source:
Insightrealtygroup
Added: Mar 30
Changed: Aug 28
Last Checked: Sep 4 at 2:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aucoin Ryan Realty
Investment Insights
Based on property information with market context.
This updated multifamily apartment complex includes multiple buildings with renovations completed over the past seven years. The property’s unit and building improvements referenced include kitchens and baths, exterior work, and electrical updates. Each unit has washer and dryer either in-unit or in the basement, and all units are tenant at will and currently fully rented. Separate utilities and low overhead are noted, along with off-street parking.
The buildings are on two streets but abut each other. The offering also includes a commercial building; the commercial square footage includes a basement and an overhead door for delivery of goods, and the layout could be converted to additional residential units.
Rental income is reported as $135,900 annually excluding the commercial building, with rents noted as below market. A separate income and expense list is referenced as attached to the listing.
The buildings are on two streets but abut each other. The offering also includes a commercial building; the commercial square footage includes a basement and an overhead door for delivery of goods, and the layout could be converted to additional residential units.
Rental income is reported as $135,900 annually excluding the commercial building, with rents noted as below market. A separate income and expense list is referenced as attached to the listing.
Key Highlights
- Multifamily complex built in 1900 with all units fully rented and tenant at will occupancy.
- Yearly rental income is $135,900 (excluding the commercial building).
- Many updates completed in the last 7 years, including kitchens, baths, exterior, and electrical.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 01550, MA
17,740
Population
7,644
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
82%
High-School Grad
20.2 sq mi
ZIP Area
878
Density / Sq Mi
$59,397
Median Household Income
$41,365
Median Earnings
$1,157
Median Rent
$267,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented multifamily complex with tenant-at-will units, separate utilities, and off-street parking.
Where is this apartment building located?
The property is located at 9-11 17-19 Summer St Southbridge, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Multifamily complex built in 1900 with all units fully rented and tenant at will occupancy.; Yearly rental income is $135,900 (excluding the commercial building).; Many updates completed in the last 7 years, including kitchens, baths, exterior, and electrical.
