87 Cross St | Southbridge, MA 01550
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- LoopNet Team
87 Cross St
Southbridge, MA 01550
87 Cross St & 59 West St · Multifamily Property For Sale
·
18 Units
Investment Highlights
- 18-Apartments featuring three six-unit buildings located in Southbridge, MA.
- All utilities are separate including water; and off-street parking is available.
- Significant upside in rents which are currently about 18% below market.
- The buildings features three, two and one bedroom units.
- Renovations completed in the past year include a new roof, windows, laundry room, electrical, and plumbing.
Property Facts
| No. Units | 18 | Building Size | 11,367 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1900/2019 |
| Building Class | C | Parking Ratio | 1.06/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | R3 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,367 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2019 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 815 |
| 3+1 | 6 | - | 1,075 |
Property Taxes
| Parcel Number | SBRI-000034-000035-000001 | Improvements Assessment | $963,500 |
| Land Assessment | $60,000 | Total Assessment | $1,023,500 |
Property Taxes
Parcel Number
SBRI-000034-000035-000001
Land Assessment
$60,000
Improvements Assessment
$963,500
Total Assessment
$1,023,500
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