99 Cross Street Southbridge, MA 01550
99 Cross Street, Southbridge, MA, 01550
$1,100,000
For Sale
$1,100,000
Apartment buildings
Property Size6,264 SF
Price / SF$175.61
Days on Market120
Property Features for 99 Cross Street
General Information
- Standard status
- Active
- Size
- 6,264 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
Lamacchia Realty,Inc.
Listed by
We Close Deals Team
(413) 789-9830
Source
Parksquarerealty
Added: Mar 19 Checked: Jul 16 at 1:35 pm
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 Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Great Location on Main Street
- Turn‑key Restaurant Opportunity
- Fully Equipped Kitchen Included
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.6k | $21.96 |
| − Vacancy | −$3.6k | −$0.57 |
| EGI | $134.0k | $21.39 |
| − OpEx | −$60.3k | −$9.63 |
| NOI | $73.7k | $11.76 |
6,264 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.1K – $1.23M
NOI $73,690 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,735 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
Where is this apartment building located?
The property is located at 99 Cross Street Southbridge, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Great Location on Main Street; Turn‑key Restaurant Opportunity; Fully Equipped Kitchen Included
