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2 Adams St 6 Unit Apartment Building $1,349,900 ($224,983/Unit) 7.66% Cap Rate Marlborough, MA 01752
Investment Highlights
- Located Close to Downtown.
Executive Summary
Extremely clean 6-unit multi-family turnkey investment opportunity in the heart of Marlborough, ideally located on the quiet corner of Newton St & Adams St. This building is located close to the bustling downtown area but located in a serene location. The property has been completely renovated recently including new systems, plumbing and electric. Beautiful hardwood floors throughout the entire building. All the kitchens have been upgraded with stainless steel appliances, granite countertops and shaker style cabinets. Spacious rooms provide a comfortable living style. The lot is large enough to provide ample parking for each unit. This property has an outstanding rental history with a very low vacancy rate. Coin-OP laundry in the basement for additional income.
Property Facts Under Contract
| Price | $1,349,900 | Building Class | C |
| Price Per Unit | $224,983 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,008 SF |
| Cap Rate | 7.66% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 1.74/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Multi-Family Building | ||
| Price | $1,349,900 |
| Price Per Unit | $224,983 |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,008 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.74/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Multi-Family Building |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | MARL-000082-000017 | Improvements Assessment | $682,300 |
| Land Assessment | $177,500 | Total Assessment | $859,800 |
Property Taxes
Parcel Number
MARL-000082-000017
Land Assessment
$177,500
Improvements Assessment
$682,300
Total Assessment
$859,800
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2 Adams St
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