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285-289 East St 11 Unit Apartment Building $2,000,000 ($181,818/Unit) Ludlow, MA 01056
Executive Summary
Exceptional 11-unit mixed-use investment property featuring a 3-storefront mixed-use building w/5 residential apartments above, a renovated Two-Family, and an updated Single-Family home all on one lot w/plenty of parking & great location. The mixed-use building offers newer roof (’21), updated façade/mechanicals, full basements, 3 store front units and 5 residential apartments w/long-term tenants. The Two-Family includes updated kitchens/baths, enclosed porches, separate utilities, newer roof (APO ±4 yrs), newer hot water tanks, and American Standard FHA gas units (’20/’21). The Single-Family features vinyl siding, updated roof, FHA gas heat (’18/’19), Rheem HW tank (’21), and updated kitchen/bath. Strong rental history with several recent upgrades across the units. Income-producing with upside—current NOI approx. $95K+/yr with stabilized potential around $119K+/yr per owner. Fantastic opportunity to own a turn-key, mixed-use cash-flow asset with proven performance and room to grow!
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- Miscellaneous
Property Facts
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $181,818 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 10,107 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | 0 | ||
| Price | $2,000,000 |
| Price Per Unit | $181,818 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,107 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 0.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 0 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | - | - |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | LUDL-140490-000000-B000042 | Improvements Assessment | $473,600 |
| Land Assessment | $152,000 | Total Assessment | $625,600 |
Property Taxes
Parcel Number
LUDL-140490-000000-B000042
Land Assessment
$152,000
Improvements Assessment
$473,600
Total Assessment
$625,600
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285-289 East St
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