Property Description

Well-maintained 8-unit multifamily property in Southbridge offering immediate cash flow and strong rental history. The building consists of a mix of 1, 2, and 3-bedroom units — Basement (2BR), 1L (2BR), 1R (3BR), 1Rear (2BR), 2L (2BR), 2R (2BR), 3L (3BR), and 3R (1BR) — with current gross monthly rent of $9,242 and an average of $1,540/unit. Offered at $1,320,000. Annual expenses include property taxes, disposal & waste fees, electricity, and water & sewer. Several units currently show below-market rents, presenting upside potential for an experienced investor. Ideal for a 1031 exchange or portfolio addition. Easy highway access and proximity to local amenities make this a sought-after location for long-term tenants.

Features

Basement:: Partial, Unfinished
Parking:: Off Street
Construction:: Frame, See Remarks
Flooring:: Vinyl, Hardwood, Carpet
Sewer:: Public Sewer
Water:: Public
Disclosure:: Seller may consider paying buyer agent fee as per terms of an offer. 3 of the total 36 units are commercial units & part of the association. NOT ALL PHOTOS REPRESENT THIS UNIT. THEY ARE MEANT TO SHOW FINISHES. This is a studio.
Electric Feature:: Circuit Breakers, Other (see Remarks), 100 Amp Service
Garage Parking
Lead Paint:: Certified Treated, Yes
Laundry Features:: Washer Hookup
Road Type:: Unimproved

Additional Information

Market Time:: 31
Parking Spaces:: 7
Tax Year:: 2025
Status:: Active
Price Per Sqft:: $244
Zoning:: R3
No Units:: 8
Orig Price:: $1,320,000
LEASE:: Yes
Waterfront:: No
MlsStatus:: Active

Address Map

City:: Southbridge
State:: MA
County:: Worcester
Postal Code:: 01550
Longitude:: W73° 57' 37.4''
Latitude:: N42° 4' 47.4''

Google Map

Residential Income

88 Cross St, Southbridge, Massachusetts

17 Bedrooms

8 Total Bathrooms

5,224 Sqft

$1,275,000

Listing ID #73524298

Basic Details

Property Type :: Residential Income
Listing Type :: For Sale
Price :: $1,275,000
Bedrooms :: 17
Rooms :: 21
Total Bathrooms :: 8
Full Bathrooms :: 8
Square Footage :: 5,224 Sqft
Year Built :: 1900
Lot Area :: 0.21 Acre
Listing ID :: 73524298

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Agent info

Robb Enterprises

Stephen E. Robb
View website
617-212-0251
srobb@robbenterprises.com

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.