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Adam Dow

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

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3-6 Witherbee Terrace , Marlborough, MA 01752
$3,100,000
Est. Payment: $6,888.89/mo
19 Bed
15 Bath
8190 Sqft
Status: Active | Days on site: 95
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AC1022 - CN255181
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House Description

TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Twelve of thirteen units are occupied and professional property management is in place. The only vacant unit is in the process of being improved, which will be a further added bonus the new owner will enjoy!

Highlights

Listed by Steve Klassner , 978-690-6116 Stuart St James, Inc. , 617-819-5850.

Property Type

Multi-Family

Lot/Acreage
0.31

Year Built

1925

County

Middlesex

Listing ID

73535812

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:19
  • Bathrooms:15
  • Full Bathrooms:14
  • 1/2 Bathrooms:1
Other:
  • Additional:Living Room, Kitchen
Water:Public

Exterior Features

Garage Capacity:0
Zoning:RC
Sewer:Public Sewer
Parking Features:Paved Drive,Shared Driveway,Paved
Principal Interest
$6,889
Taxes
$1,403

Home Price

$3,100,000

Loan Details

30 yrs
%

Down Payment

20%
$620,000
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Monthly Price:
$6,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,888.89 $1,403.17 $0.00 $8,292.06
Yearly $82,666.67 $16,838.00 $0.00 $99,504.67
Total $2,480,000.00 $505,140.00 $0.00 $2,985,140.00

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 (Marlborough, 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.