Sold!
$950,000
11
Beds
3
Baths
3,852
Living Area
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Property Description
7.87% CAP RATE!! Situated near downtown Bridgewater, this expansive 3,852+/- sf multifamily property offers a compelling investment. Comprising two 4-bed units and one 3-bed unit - this is a great income-generating property. 127 Main St. provides tenants with easy access to shopping, dining, and local amenities. 0.5 miles from Bridgewater State University, makes it an attractive residence for students and faculty. 1 mile from the Bridgewater MBTA station, facilitating seamless travel to Boston. Current rents are slightly below market value, presenting an opportunity to enhance income streams. 2 spacious attics offer the potential to add an additional unit or expand existing ones - subject to local zoning regulations. Roof was replaced approximately 3 years ago, front porch was replaced last year - reducing immediate capital expenditure.Provides plenty of off-street parking.127 Main Street stands out as a promising addition to any investment portfolio.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1880
- Parking Spots: 8
- Property Type: 3 Family
- Total Rooms: 18
- Status: Closed
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Additional Details
- Foundation: Stone
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Cbd-s
- Lot Features: Gentle Sloping
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $754,600
- Taxes: $8,927
- Tax Year: 2025
- Total Rent: $7,600
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