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Adam Dow

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

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56 Water St , Southbridge, MA 01550
$474,900
Est. Payment: $1,055.33/mo
9 Bed
3 Bath
3414 Sqft
Status: Active | Days on site: 9
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AN6125 - CN227186
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House Description

Welcome to 56 Water Street in Southbridge—an excellent investment opportunity featuring a well-maintained three-family property with three bedrooms and one bathroom in each unit. Each approximately 1,150 sq. ft. unit offers a similar layout with a kitchen, living room, three bedrooms, bathroom, and an enclosed porch with upgraded oversized windows providing abundant natural light. The property also offers ample off-street parking and a detached two-bay garage. Centrally located with convenient access to schools, shopping, and the hospital, while benefiting from town services. Additionally, the basement includes a bonus approximately 650 sq. ft. studio apartment with a full bathroom, offering potential for additional living space or income. All three main units are currently fully rented and occupied, and the existing tenants have expressed a desire to continue their occupancy. This multifamily property features coin-operated laundry in a common area off the first-floor porch generating income-this revenue has been included in the pro forma.The basement studio and all property details, including use, zoning, permits, and square footage, should be independently verified by the buyer and buyer’s agent.

Highlights

Listed by Robert Bissonnette , 508-981-3734 Excelsior Realty , 508-736-2735.

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1900

County

Worcester

Area

Westville

Listing ID

73572801

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Range, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Floor:Wood,Vinyl,Varies,Laminate
Other:
  • Additional:Storage, Living Room, Kitchen
Water:Public

Exterior Features

Lot:Level
Garage Capacity:9
Zoning:R2
Roof:Shingle
Others:
  • Additional:Rain Gutters
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 9
Principal Interest
$1,055
Taxes
$499

Home Price

$474,900

Loan Details

30 yrs
%

Down Payment

20%
$94,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,055.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,055.33 $499.17 $0.00 $1,554.50
Yearly $12,664.00 $5,990.00 $0.00 $18,654.00
Total $379,920.00 $179,700.00 $0.00 $559,620.00

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 (Southbridge, 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.