Log In/Sign Up
Your email has been sent.
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) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$172,800
|
$27.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,456
|
$0.54
|
| Effective Gross Income |
$169,344
|
$26.61
|
| Taxes |
$7,659
|
$1.20
|
| Operating Expenses |
$17,004
|
$2.67
|
| Total Expenses |
$24,663
|
$3.88
|
| Net Operating Income |
$144,681
|
$22.73
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $172,800 |
| Annual Per SF | $27.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,456 |
| Annual Per SF | $0.54 |
| Effective Gross Income | |
|---|---|
| Annual | $169,344 |
| Annual Per SF | $26.61 |
| Taxes | |
|---|---|
| Annual | $7,659 |
| Annual Per SF | $1.20 |
| Operating Expenses | |
|---|---|
| Annual | $17,004 |
| Annual Per SF | $2.67 |
| Total Expenses | |
|---|---|
| Annual | $24,663 |
| Annual Per SF | $3.88 |
| Net Operating Income | |
|---|---|
| Annual | $144,681 |
| Annual Per SF | $22.73 |
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 | - | - |
1 1
Property Taxes
| Parcel Number | CLIN-000096-001990 | Total Assessment | $575,800 (2025) |
| Land Assessment | $99,000 (2025) | Annual Taxes | $7,659 ($1.20/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
$7,659 ($1.20/SF)
Tax Year
2024
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Oak Street Apartments | 2-12 Chace
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.