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Karol Flannery

karol@bentleysrealestate.com +1(978) 270-0876

$ 3,150,000

Est. payment | -/mo

19 Beds

14.5 Baths

8,190 SqFt

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$ 3,150,000

Est. payment | -/mo

Save

19 Beds

14.5 Baths

8,190 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 8,190 sqft

Price per Sqft $384

MLS Listing ID 73535812

Bedrooms 19

Full Baths 14

Half Baths 1

Year Built 1925

Annual Tax Amount $16,838

Tax Year 2026

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

TURNKEY CASH COW with $31,990 pro forma monthly rent roll and 9%+ cap rate! 3-6 Witherbee Terrace is a 4 building portfolio comprising of 13 adjacent units on a dead end street. All occupying tenants are rent subsidized by various housing authority programs. At present, nearly 90% of the monthly rent comes from various tenant subsidy programs, which creates a turnkey operation with a stable, predictable revenue stream. Extensive improvements and renovations have been made to the property, and the majority of units and common areas have seen major improvements. Witherbee Terrace has 4 buildings on it, and this is your opportunity to own an entire street! 3 Witherbee is four large studios, 4 Witherbee is two 2-bedrooms and one large studio, 5 Witherbee is a 4-bedroom single family and 6 Witherbee is four studios and a 2-bedroom. A common dumpster serves all tenants. Twelve of thirteen units are occupied and professional property management is in place.

Location

State MA

County Middlesex

Zoning RC

Direction Witherbee Street to Witherbee Terrace

Rooms

Basement Concrete, Unfinished

Interior

Interior Features Other, Living Room, Kitchen

Heating Natural Gas

Cooling Other

Appliance Other

Exterior

Community Features Public Transportation, Shopping, Park, Other

Garage No

Building

Story 8

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Stuart St James, Inc.

Nearby Locations

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Karol Flannery

REALTOR® | Lic# 9083593

karol@bentleysrealestate.com

+1(978) 270-0876

2A Winter St, Newburyport, MA, 01950

3-6 Witherbee Terrace Marlborough, MA 01752

Karol Flannery

Key Details

Location

Rooms

Interior

Exterior

Building

Others

3-6 Witherbee Terrace