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Listing Details

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School Ratings & Info

Listing courtesy of Zachery Whiting of Re/Max Real Estate Center.

Description

Excellent cash flow on this 14 unit mixed use building in the heart of downtown Milford! 8.5% cap! First level storefront and office space with residential above. Above average street and foot traffic. Plenty of private off street and on street parking available to sustain different business types. Various improvements throughout, roofs, water heaters, central AC, etc. Extremely strong rental history, limited commercial vacancy during sellers ownership. Currently fully leased. See attachments. Some units could be increased at current rates. All residential units have up to date lead certificates. Looking to expand your portfolio? This may be the perfect next step! Group showings scheduled by request. Please allow at least 24 hours.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-18T00:09:30.49.
www.trustrealtyone.com/homes/120930052
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42-46 Main St Milford, MA 01757

  • Price: $1,550,000
  • Status: Active
  • MLS #: 72887729
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Beds
0
Baths
0
½ Baths
0.44
Acres
1900
Built
Neighborhood:
Other
County:
Worcester
Area:
Other
Property Description
Excellent cash flow on this 14 unit mixed use building in the heart of downtown Milford! 8.5% cap! First level storefront and office space with residential above. Above average street and foot traffic. Plenty of private off street and on street parking available to sustain different business types. Various improvements throughout, roofs, water heaters, central AC, etc. Extremely strong rental history, limited commercial vacancy during sellers ownership. Currently fully leased. See attachments. Some units could be increased at current rates. All residential units have up to date lead certificates. Looking to expand your portfolio? This may be the perfect next step! Group showings scheduled by request. Please allow at least 24 hours.
Exterior Features

Construction Frame Location DowntownFree StandingHighway AccessPublic TransportationCorner Lot Parking Features Open21+ SpacesPaved DrivewayOn Site Parking Spaces 25 Roof Material MembraneShingle Stories 3

Interior Features

Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Rsf Building Sq Ft 0.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 734200.00 Assessed Value Land 119400.00 Assessed Value Total 853600.00 Commercial Industrial Type Mixed Use Condo Association No Disclosure Yes Disclosures 2 Hot Water Heaters Are LeasedBuyer To Assume Leases Easements Yes Exchange No Gross Annual Expense 46206.00 Gross Annual Income 179400.00 Lease No Lender Owned No Lien And Encumbent No Mau Units 0 Net Operating Income 133194.00 Ofu Units 0 On File21 E No Reu Units 4 Rsu Units 10 Short Sale Lender App Required No Space Available For Sale Subdividable Unknown Sublet No Survey No Tax Year 2021 Taxes 13640.52 Utilities Public WaterPublic Sewer Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Cb

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Zachery Whiting of Re/Max Real Estate Center.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-09-18T00:09:30.49.
 
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Trust Realty One
20 Chestnut St Suite #1
Needham MA, 02492
Listing courtesy of Zachery Whiting of Re/Max Real Estate Center.