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. At present, nearly 90% of the monthly rent comes from various tenant subsidy programs, which creates a turnkey operation with a stable, predictable revenue stream. 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.
- Heating System:
- Natural Gas
- Cooling System:
- Other
- Basement:
- Unfinished, Concrete
- Parking:
- Paved, Paved Drive, Shared Driveway
- Appliances:
- Other
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Other (see Remarks)
- Garage Parking
- Interior Features:
- Other, Kitchen, Living Room
- Lead Paint:
- Unknown, Certified Treated
- Rent Fee Includes:
- Unit 2(none), Unit 1(heat, Electric)
- Market Time:
- 4
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $385
- Zoning:
- RC
- No Units:
- 13
- Orig Price:
- $3,150,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Marlborough
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 01752
- Longitude:
- W72° 26' 41.8''
- Latitude:
- N42° 20' 47.8''
Residential Income
3-6 Witherbee Terrace, Marlborough, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,150,000
- Bedrooms :
- 19
- Rooms :
- 34
- Total Bathrooms :
- 14.5
- Full Bathrooms :
- 14
- Half Bathrooms :
- 1
- Square Footage :
- 8,190 Sqft
- Year Built :
- 1925
- Lot Area :
- 0.31 Acre
- Listing ID :
- 73535812
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com