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75 School Street North Brookfield, MA 01535 75 School St 3 Unit Apartment Building $289,900 ($96,633/Unit) North Brookfield, MA 01535
Investment Highlights
- 3 existing residential units
- Strong potential for increased rental income
- Significant value-add opportunity
Executive Summary
Value-add multifamily investment opportunity located at 75 School Street in North Brookfield, MA. The property currently consists of three residential units with approvals in place for a fourth unit, presenting investors and developers with significant upside potential through renovation and stabilization.
The building will be delivered vacant, offering flexibility for immediate improvements, repositioning, and tenant placement without existing occupancy constraints. Substantial preliminary work has already been completed, creating a strong foundation for contractors or investors looking to accelerate the redevelopment process.
This asset is ideal for investors seeking to expand their multifamily portfolio, generate long-term rental income, or capitalize on the increasing demand for quality housing in the area. Conveniently situated near local amenities, schools, downtown services, and major transportation routes, the property benefits from strong accessibility and neighborhood appeal.
The building will be delivered vacant, offering flexibility for immediate improvements, repositioning, and tenant placement without existing occupancy constraints. Substantial preliminary work has already been completed, creating a strong foundation for contractors or investors looking to accelerate the redevelopment process.
This asset is ideal for investors seeking to expand their multifamily portfolio, generate long-term rental income, or capitalize on the increasing demand for quality housing in the area. Conveniently situated near local amenities, schools, downtown services, and major transportation routes, the property benefits from strong accessibility and neighborhood appeal.
Property Facts
| Price | $289,900 | Building Class | C |
| Price Per Unit | $96,633 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 4,200 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1880 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Zoning | 11 | ||
| Price | $289,900 |
| Price Per Unit | $96,633 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 4,200 SF |
| No. Stories | 2 |
| Year Built | 1880 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | 11 |
Amenities
Unit Amenities
- Disposal
- Basement
- Deck
- Large Bedrooms
Site Amenities
- Walking/Biking Trails
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 3 | - | 4,200 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | NBFD-000107-000005-000750 | Improvements Assessment | $87,700 |
| Land Assessment | $62,100 | Total Assessment | $149,800 |
Property Taxes
Parcel Number
NBFD-000107-000005-000750
Land Assessment
$62,100
Improvements Assessment
$87,700
Total Assessment
$149,800
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75 School Street North Brookfield, MA 01535 | 75 School St
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