18-22 East Street, Northbridge, MA 01588

Property Description

18–22 East Street is a six-unit multifamily Property located in Northbridge, MA, consisting of a four-unit building and a two-unit building situated on a single 0.32-acre parcel. The two-story buildings contain a combined four (4) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units, totaling 3,900 square feet of gross living area and 5,477 square feet of gross building area. The Property also features 6+ off-street parking spaces. Four (4) of the six (6) units have been recently renovated, and work was recently completed to separate the utilities. The Property is now separately metered for heat, hot water, and electricity, with tenants responsible for these expenses. Additional improvements include repairs to the rear decks and renovations to the contractor shed/garage, which is currently rented to a tenant. The Landlord remains responsible for domestic water and sewer. The Property is conveniently located near neighborhood retail, local services, and surrounding residential communities. More than 22,700 people reside within a three-mile radius, with an average household income of $151,264. The Property is listed at a 9.05% capitalization rate.