320 Elm St new Save Request In-Person Tour Request Virtual Tour
Southbridge,MA 01550
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 9,570 sqft
Price per Sqft $177
MLS Listing ID 73445695
Bedrooms 22
Full Baths 12
Year Built 1960
Annual Tax Amount $13,292
Tax Year 2025
Lot Size 0.670 Acres
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
This turnkey 12-unit multi-family property features eleven 2-bedroom/1-bathroom units and one studio, all with electric heat and gas hot water included in the rent. The building has been well cared for, with updates during current ownership including a paved driveway with 24 parking spaces, a new efficient gas hot water heater, and a roof replacement approximately 4 years ago. Additional income is generated from coin-operated laundry in the basement. The property is 100% occupied with consistent rental income, and all tenants are tenants at will, offering flexibility for future rent adjustments or redevelopment. This presents a great opportunity for investors seeking a stable asset with long-term potential. Conveniently located near the Connecticut border with quick access to Routes 90, 20, 84, and 395, making it attractive to commuters and tenants alike.
Location
State MA
County Worcester
Zoning OR
Exterior
Community Features Public Transportation,Shopping,Pool,Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,House of Worship,Private School,Public School
Waterfront Description Stream
Roof Type Shingle,Rubber
Building
Lot Description Level
Story 5
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Eastford Road School
Middle Schools Southbridge Middle
High Schools Southbridge High