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1 Cheney St 5 Unit Apartment Building $590,000 ($118,000/Unit) Orange, MA 01364
Executive Summary
Turnkey investment opportunity! This fully occupied five-family property features five one-bedroom apartments with separate utilities. Tenants are responsible for their own utility expenses, offering an efficient setup for the new owner. Each apartment received new flooring and a new electric hot water heater approximately four years ago. A paved driveway, also completed about four years ago, provides convenient off-street parking. A great opportunity to add an income-producing multifamily property to your portfolio.
Property Facts
| Price | $590,000 | Building Class | C |
| Price Per Unit | $118,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,920 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | A | ||
| Price | $590,000 |
| Price Per Unit | $118,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | ORAN-000110-000000-000119 | Improvements Assessment | $259,900 |
| Land Assessment | $50,000 | Total Assessment | $309,900 |
Property Taxes
Parcel Number
ORAN-000110-000000-000119
Land Assessment
$50,000
Improvements Assessment
$259,900
Total Assessment
$309,900
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1 Cheney St