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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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289-291 Providence Rd , Grafton, MA 01560
$1,900,000
Est. Payment: $4,222.22/mo
12 Bed
8 Bath
4428 Sqft
Status: Active | Days on site: 27
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AN6208 - CN220299
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House Description

Exceptional 8-Unit Multifamily Investment Opportunity – Grafton, MARare opportunity to own two multifamily buildings located at 289–291 Providence Road, Grafton, MA, offering a total of 8 residential units. The property consists of four 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, providing a desirable mix of unit types with strong rental demand.The property generates $15,700 per month in rental income ($188,400 annually) with annual operating expenses of approximately $35,262, resulting in an attractive 8% cap rate. Each apartment is separately metered, with tenants responsible for their own gas and electricity, helping minimize owner operating expenses and maximize cash flow.This well-performing investment offers stable income with additional upside through future rent increases and property improvements. Conveniently located with easy access to major highways, shopping, restaurants, schools, and area amenities, this property is an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.

Highlights

Listed by Sam Takla , 978-810-5348 Coldwell Banker Realty - Framingham , 508-872-0084.

Property Type

Multi-Family

Lot/Acreage
0.66

Year Built

1910

County

Worcester

Listing ID

73566460

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:8
  • Full Bathrooms:8
Floor:Wood,Tile,Vinyl
Water:Public

Exterior Features

Garage Capacity:12
Zoning:RMF
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved Drive,Paved,Parking Spaces: 12
Principal Interest
$4,222
Taxes
$1,022

Home Price

$1,900,000

Loan Details

30 yrs
%

Down Payment

20%
$380,000
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Monthly Price:
$4,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,222.22 $1,021.83 $0.00 $5,244.06
Yearly $50,666.67 $12,262.00 $0.00 $62,928.67
Total $1,520,000.00 $367,860.00 $0.00 $1,887,860.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grafton, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.