44 South St & 50 W Main St FOR SALE


Westborough, MA
$3,500,000 USD
203-997-0164
, Westborough, MA for Sale
$3,500,000 USD
FOR SALE
1/10
null | 7.76% Cap Rate

44 South St & 50 W Main St
Westborough, MA


HIGHLIGHTS

  • 29 Unit Mixed-Use Property
  • Residential, NNN Retail and Single Room Occupancy Units
  • Significant Capital Improvements in 2021
  • Additional Coin-op Laundry Income

OVERVIEW

Northeast Private Client Group is pleased to present The Westborough Portfolio located at 44 South Street & 50 W Main Street in Westborough, MA. The South Street building is a 9,214 SF building, built in 1912, sitting on 5,188 SF consisting of 14 units. Residential units are comprised of 12 furnished rooms (SRO) and (1) furnished studio. Common area restrooms on 2nd and 3rd floor along with a common area/kitchen for tenants on 3rd third floor. Retail space with a restaurant/bar, long-term tenant with a NNN lease, family-owned business that has occupied the space this year for 50 years. Significant capital improvements in 2021 include new HVAC systems, vinyl windows, sprinkler system, fire alarm & security camera system, wall insulation, flooring, light fixtures, carpentry, painting, common area kitchen & bathrooms and new electrical panels. Other improvements include furnishing all rooms with TVs, fridge & bedroom set. W Main Street is a 7,113 SF mixed-residential building, built in the 1900s consisting of 15 units. The property has four (4) one-bedrooms, two (2) studio apartments & nine (9) SRO units. All single room occupancy units have a sink in their units, others even have stoves. The building has a fully sprinklered system & hard-wired smoke/CO detectors. One gas fired furnace with four thermostats zones. Two (2) 200 AMP electrical panels, updated eat-in kitchen, updated common baths on 2nd and 3rd floor, coin-op machines in basement. All interested and qualified parties will have the opportunity to tour properties during scheduled appointments & obtain additional information upon request.

ASK ABOUT THIS PROPERTY

Edward JordanNortheast Private Client GroupMore Info
203-997-0164

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Edward JordanNortheast Private Client GroupMore Info
203-997-0164

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.