Updated Multifamily and Commercial
For Sale
$2,300,000
9-11 17-19 Summer St Southbridge, Southbridge, MA 01550
Fully rented complex with updates and commercial potential.
Property Size22,742 SF
Price / SF$101.13
Days on Market99
Property Features for 9-11 17-19 Summer St Southbridge
General Information
Standard status
Active
Size
22,742 SF
Zoning
R2
Net Operating Income
$100,960
Taxes and HOA fees
Annual Taxes
$20,792
Building Details
Building Size
22,742 SF
Year Built
1900
Listing Agency:
Aucoin Ryan Realty
(508) 501-1443
Listed By:
Brian DaSilva · License #453000830
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 15
Changed: Aug 10
Last Checked: Aug 21 at 3:57AM
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 property presents an opportunity to own a complex of buildings with numerous updates completed over the last 7 years. The property has a strong rental history and is currently fully rented, with all tenants on a tenant-at-will basis. The current yearly rental income is $135,900, not including the commercial building, and rents are below market value. The buildings are situated on two streets but are adjacent to each other. The commercial building includes a basement and an overhead door to facilitate deliveries. There is potential to convert the commercial space into additional residential units. Each building has separate utilities, contributing to low overhead costs. The apartments are varied in layout and design. Updates have been made to the kitchens, bathrooms, exterior, and electrical systems. Each unit is equipped with either a washer and dryer within the unit or in the basement. Off-street parking is available. The commercial building square footage includes the basement.
Key Highlights
- Excellent rental history with $135,900 yearly income (excluding commercial building).
- Significant updates completed in the last 7 years, including kitchens, baths, exterior, and electrical systems.
- Commercial building with basement and overhead door, offering potential for conversion to residential units.
Property Analytics
Property Profile
Current Use
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented complex with updates and commercial potential.
Where is this apartment building located?
The property is located at 9-11 17-19 Summer St Southbridge 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: Excellent rental history with $135,900 yearly income (excluding commercial building).; Significant updates completed in the last 7 years, including kitchens, baths, exterior, and electrical systems.; Commercial building with basement and overhead door, offering potential for conversion to residential units.
