Andrew Carr
REALTOR®
BEDS9
BATHS3 full
SQUARE FEET3,414
MLS#73572801
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property 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 buyers agent.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Partially Finished, Bulkhead, Concrete
Cooling: Window Unit(s)
Garage: 2
Heating: Baseboard, Natural Gas, Individual, Space Heater
Lot Size: 0.16 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $5,990
Year Built: 1900
Amenities
Storage
Living Room
Kitchen
Rain Gutters
Feature Descriptions
Appliances: Range, Refrigerator
Building Area Total: 3414
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Conservation Area, House of Worship, Public School
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 3
Dwelling Type: 3 Family
Electric: 200+ Amp Service
Exterior: Frame, Stone
Flooring: Wood, Vinyl, Varies, Laminate
Frontage: 100.00
GarageY/N: Yes
HeatingY/N: 1
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Features: Level
Parcel Number: M:0049 B:0083 L:00001,3979036
Parking Features: Off Street
Parking Total: 9
Patio And Porch: Covered
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
Rooms Total: 15
Sewer: Public Sewer
Units: 3
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
Water: Public
Window Features: Insulated Windows
Local Schools
High School: Southbridge
Middle School: Southbridge
Elementary School: Southbridge
Listed By / Shown By
Listed By
Agency Name: Excelsior Realty
Agent Name: Robert Bissonnette
Agency Phone: 508-736-2735
Shown By
Agent Name: Andrew Carr
Agent Phone: (800) 741-1540
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 1,694.60 per month $1,056.92 Principal & Interest $499.17 Property Tax $138.51 Homeowner's Insurance
56 Water Street | MLS# 73572801
This multi-family property located at 56 Water Street, Southbridge, MA 01550 is currently listed for sale with an asking price of $474,900. Search Southbridge real estate on andrewcarr.masiellogrouprealestate.com today.