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171 Mechanic St, Southbridge, MA 01550

$622,803
Last sold 01/30/2024 for $420K
10
bed
4
bath
6,978
Sqft ($60/Sqft)

Multi-family not for sale

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About 171 Mechanic St

Property type Multi-family

Year built 1900

HOA fee $0/month

Lot size 5,445 Sqft

Movoto estimate

Property description

Great opportunity to bring in Additional Income with this Mixed Use Property. Find a Commercial Space (appx 950 SF) and (4) Fully Rented Residential Units (appx. 3900 SF). The Main Level: Currently contains a Retail Space (950 SF) & an updated 1/2 Bath. There is a Separate Secured Laundry Area (130 SF) for Tenants. The Second & Third Levels contain (2) Apartments per Floor. Each Floor has a unit containing 2 Bedrooms & a unit containing 3 Bedrooms. All units have a Full Bath, a Kitchen and a Living/Dining Room Area. The Full Basement (2000 SF) has interior access for additional storage. Recent Updates: 3 of the 4 Residential Apartments Fully Renovated (2019), Enclosed Exterior Stairs & Handicap Ramp (2020-21), Windows (2020-21). An active Fire & Security Monitoring System in place also. Close to Town Amenities, Major Routes (Rt. 169, 20, MA Pike/90, 290 and CT state line) and appx an hour to airports (Hartford, Providence & Boston).

Listed by

Listing Agent - Cynthia Sowa Forgit

Listing Office - RE/MAX Prof Associates

Source: MLS Property Information Network, Inc.

MLS#73194881 • last updated 2 years ago

Movoto checked MLS Property Information Network, Inc. for data 12 minutes ago

Overview
Cooling/AC	None
Heating	Forced Air, Natural Gas
Levels/Style	10
MLS #	73194881
Type	Residential Income
Status	Closed
SubType	4 Family - 4 Units Side By Side
SqFt	6978
Lot Size (SqFt)	5445
Lot Size (Acres)	0.13
Annual Property Tax	3372
Year Built	1900

Interior
Total # of Bathrooms	4
# Full Baths	3
# Half Baths	1
Total # of Bedrooms	10
Basement	Full, Interior Entry, Bulkhead, Sump Pump, Dirt Floor, Unfinished
Total # of Rooms	21
Appliances	Range, Refrigerator
Accessibility Features	Accessible Entrance
Interior Features	Laundry Room, Kitchen, Living RM/Dining RM Combo
Window Features	Insulated Windows

Exterior
Foundation	Stone, Granite
Roof	Rubber
Parking Desc	Paved Drive, Off Street, Paved
# Parking Spaces	3
Fencing	Fenced/Enclosed
Lot Desc	Cleared

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Electric Range, for Electric Oven
Electricity	Circuit Breakers
Water Source	Public

Location
County	Worcester
Community Features	Public Transportation, Shopping, Golf, Medical Facility, Highway Access, House Of Worship, Private School, Public School, Sidewalks
Zoning	RB
APN	M:0036 B:0136 L:00001, 3978102
Directions	Rt. 169 - Mechanic There Is No Real Estate Sign On Property. Street Parking Available..

Multifamily Details
Rent Includes	Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Net Operating Income	31707
Operating Expense	13893
Total Actual Rent	3800
Financial Data Source	Owner
Expense: Water/ Sewer	3525
Gross Income	44800
Expense: Electricity	3217
Gross Scheduled Income	2588