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. 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. The only vacant unit is in the process of being improved, which will be a further added bonus the new owner will enjoy!
- Heating System:
- Natural Gas
- Cooling System:
- Other
- Basement:
- Unfinished, Concrete
- Parking:
- Paved, Paved Drive, Shared Driveway
- Appliances:
- Other
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- electricity
- 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:
- 29
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $379
- 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 :
- $3,100,000
- 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