190 Ctr St Middleboro, MA 02346-2275

Property Details for 190 Ctr St

Year built

1890

Construction

FRAME

Lot size

0.22 lot acres

Property size

5,759 SF

Property type

Investment properties

Property subtype

Live-work space

APN

MIDD M:0050P L:6115 U:0000

APU

MIDDM0050PL6115U0000

Description

This exceptional mixed-use property in downtown Middleborough, MA, presents a compelling investment opportunity. Located at 190 Center St, 02346, this three-unit apartment building sits on a 0.22-acre lot and boasts a 6.00% cap rate. The property is zoned B and features a three-story building with 100% occupancy. The first floor comprises a stunning two-bedroom owner's unit complete with hardwood floors, in-unit laundry, spacious bedrooms, and abundant natural light. The second floor offers five rooms, a kitchen, and a full bathroom, presenting significant potential for expansion into a townhouse-style unit within the unfinished third floor. An attached concrete block garage building provides an ideal space for a business, capitalizing on the thriving and walkable downtown area. This multi-faceted property is ideally suited for owner-occupants, investors, and business owners alike. Its prime location, steps from local amenities and 1.6 miles from the Middleborough/Lakeville MBTA Train Station, ensures strong rental demand and future appreciation. The asking price is $699,000, with a price per unit of $233,000. This is a Class C property offering a significant value-add opportunity for the discerning investor.

Location Insight

City

Middleboro

County

Plymouth

State

Massachusetts

Longitude

-70.9124

Latitude

41.893

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments