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50 Exchange St, Athol, MA 01331

  • $699,900

  • 7

    bed

  • 7

    bath

  • 5,914

    Sqft ($118/Sqft)

Multi-family for sale 2 days
Movoto is helping 17 homebuyers near you

About 50 Exchange St

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 4,092 Sqft
Movoto estimate
Parking 1 garage spaces
Property description
Outstanding value add investment opportunity in the heart of Athol! This 6/7 unit multifamily features 6 spacious 1 bed 1bath apartments with a completed 7th unit ready to add additional income once a second means of egress is installed to become compliant. Three units are currently occupied, while the remaining units are vacant, offering the next owner the flexibility to complete renovations, make light cosmetic updates or lease quickly at current market rents for immediate cash flow. The property includes a 1-car garage, carport, common laundry & an in unit washer & dryer in the first-floor apartment. Each unit is separately metered for electricity, while the owner pays heat & hot water. A newly installed fire monitoring system provides added peace of mind. Whether you're looking to reposition the property for maximum value or stabilize it with strong rental income, this property offers significant upside & long-term investment potential in a convenient downtown location.
Listed by
Listing Agent - The Fredette Group
Listing Office - Keller Williams Realty-Merrimack
Source: MLS Property Information Network, Inc. mls logo
MLS#73550203 • last updated 2 days ago
Movoto checked MLS Property Information Network, Inc. for data 3 minutes ago
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Overview
Levels/Style 5, 5
MLS # 73550203
Type Residential Income
Status Active
SubType 5-9 Family
SqFt 5914
Lot Size (SqFt) 4092
Lot Size (Acres) 0.09
Annual Property Tax 4203
Year Built 1900
Interior
Total # of Bathrooms 7
# Full Baths 7
Total # of Bedrooms 7
Basement Full, Interior Entry, Garage Access, Concrete
Total # of Rooms 22
Laundry Electric Dryer Hookup, Washer Hookup
Flooring Vinyl, Carpet, Parquet
Exterior
Foundation Stone, Brick/Mortar
Roof Shingle
# Covered Spaces 1
Parking Desc Paved Drive, Paved
# Parking Spaces 6
# Garage Spaces 1
Exterior Features Rain Gutters
Patio/ Porch Patio, Covered
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Utilities For Electric Range, for Electric Dryer, Washer Hookup, Varies Per Unit
Electricity 100 Amp Service, Individually Metered
Water Source Public
Location
County Worcester
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House Of Worship, Public School
Zoning CA
APN M:0030 B:0261 L:0000, 1448230
Directions Rt 2 To 2A/Templeton Rd To Main St To Exchange St
Multifamily Details
Net Operating Income 8132
Operating Expense 17668
Total Actual Rent 2150
Financial Data Source Owner, Limited Information
Expense: Water/ Sewer 2670
Gross Income 25800
Lot/ Land Details
Road Frontage Public
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Around the neighborhood

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45/100
Walk
69/100
Family
17/100
Dining
67/100
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  • Real Estate
  • MA
  • Worcester County
  • Athol
  • 01331
  • 50 Exchange St

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