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Package of 4 condos in prime Marlborough! 596 Boston Post Rd E 4 Unit Apartment Building $859,000 ($214,750/Unit) Marlborough, MA 01752
INVESTMENT HIGHLIGHTS
- Rare package of investment condos in two large associations
- Six units (3 in each association)
EXECUTIVE SUMMARY
RARE PACKAGE DEAL, 4 condos for sale in 2 associations! 2 studios with rents below market between $870 to $1325 and 1 one bed, 1 two bedroom one bathroom condos renting for $1595 to $1895. 2 separate condo complexes, the Sheffield Court Condos (596-624 Boston Post Road E) and Mayflower condos (688 Boston Post Road E). Condo fees range from $154-198 for the studios and $300 to $350 for the two bedrooms. Some leases end during 2025 and others in 2026. Well maintained studios, wall to wall carpet, and the two beds are good condition and unit 304 has a private deck. Taxes for each unit range from $1,100 a year to $2443 a year. Every unit comes with parking. Professionally managed buildings. Storage. Laundry in building. Great opportunity to own in desirable Marlborough! All information to be verified by the buyer. 24 for all showings. Condo fees cover professional management, landscaping, junk removal, pest control, snow removal, pool.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$103,260
|
$3.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,260
|
$3.47
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $103,260 |
| Annual Per SF | $3.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $103,260 |
| Annual Per SF | $3.47 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $859,000 | Building Class | C |
| Price Per Unit | $214,750 | Lot Size | 2.51 AC |
| Sale Type | Investment | Building Size | 29,797 SF |
| No. Units | 4 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low-Rise | Parking Ratio | 4.83/1,000 SF |
| Price | $859,000 |
| Price Per Unit | $214,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.51 AC |
| Building Size | 29,797 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 4.83/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
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Package of 4 condos in prime Marlborough! | 596 Boston Post Rd E
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