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Oak Street Apartments 2-12 Chace 6 Unit Apartment Building $1,800,000 ($300,000/Unit) 8.04% Cap Rate Clinton, MA 01510
EXECUTIVE SUMMARY
Yannios Real Estate Investment Sales is pleased to present Oak Street Apartments a 6-unit multi-family building located in Clinton, MA approximately 3 miles to interstate 495 and under hour's drive to Boston. Located in central Massachusetts,12 miles Northeast of Worcester and 32 miles west of Boston, convenient to Route 2, I-495, I-190, I-290. This 6,364 sq. ft. building sits on a 4,818 sq ft. corner lot. Good location, great neighborhood, tenant paid utilities and off-street parking. The units consist of (3) two-bedroom units & (3) three-bedroom units. Building has been maintained; units have been updated over the years and are good condition. Interested and qualified buyers will be able to view the property and obtain additional information.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.04% | Building Size | 6,364 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2020 |
| Price | $1,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,364 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2020 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
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PROPERTY TAXES
| Parcel Number | CLIN-000096-001990 | Total Assessment | $575,800 (2025) |
| Land Assessment | $99,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $476,800 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
CLIN-000096-001990
Land Assessment
$99,000 (2025)
Improvements Assessment
$476,800 (2025)
Total Assessment
$575,800 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Oak Street Apartments | 2-12 Chace
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