171 Mechanic St

6,978 Sq. Ft.
$60 / Sq. Ft.
6,978
Sq. Ft.
$60
per Sq. Ft.

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...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).
  1. Listed by Cynthia Sowa Forgit • RE/MAX Prof Associates

Property Details for 171 Mechanic Street

Town
Southbridge
Area
MA-Southbridge
Garage Spaces
0
Open Parking Spaces
3.00
Parking Spaces Total
3
LISTING UPDATED: 03/14/2024 07:40 PM

Property Details for 171 Mechanic Street

StatusSold
MLS #73194881
Days on Market27
Taxes$3,372 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Side by Side
Year Built1900
CountyWorcester County

Location

Listing Courtesy of RE/MAX Prof Associates, Cynthia Sowa Forgit

Sold By Aucoin Ryan Realty, Mary Jo Demick

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Building Information for 171 Mechanic Street

Stories10Residences5Year Built1900Building Size-Lot Size0.13 AC / 5,445 SF

Payment Calculator

$2,374 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,093

Property Taxes

$281

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 171 Mechanic Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Golf Course, Medical Facility, Highway Access, House of Worship, Private School, Public School, Sidewalks
  • Current Financing: Cash
  • Living Area: 6978.0
  • Color: Beige
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Full, Interior Access, Bulkhead, Sump Pump, Dirt Floor, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 3
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 3.50
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Laundry Room, Kitchen, Living RM/Dining RM Combo
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Fencing: Fenced/Enclosed
  • Lot Description: Cleared
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Tenants in all 4 units and In-Active Retail store; must have 24 hour notice to show after Open Houses (tenants). Buyer to confirm SF measurements,approximates provided APO. Office policy: escrow checks are via deposit link or cashier's check to "Remax Professional Associates". Pls see MLS attachme
Tax Information
  • Tax ID: M:0036 B:0136 L:00001,3978102
  • Assessments: $212,900
  • Book: 55571
  • Tax Year: 2023
  • Zoning: RB
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 10
Other Building Characteristics
  • Accessibility Features: Accessible Entrance
  • Foundation: Stone, Granite
Income / Expenses
  • Electricity: $3,217.00
  • Annual Expenses Source: Owner
  • GOI: $44,800.00
  • Gross Scheduled Income: $2,588.00
  • GRE: $13,893
  • RME: $4,563
  • NOI: $31,707.00
  • Operating Expense: $13,893.00
  • WSE: $3,525.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,800.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 1.0

Property History for 171 Mechanic Street

DateEvent & SourcePriceAppreciation
Mar 14, 2024

Sold

MLS PIN #73194881

$420,000—
Feb 14, 2024

Under Agreement

MLS PIN #73194881

—
Jan 30, 2024

Contingent

MLS PIN #73194881

—
DateEvent & SourcePrice
03/14/2024

Sold

MLS PIN #73194881

$420,000
02/14/2024

Under Agreement

MLS PIN #73194881

—
01/30/2024

Contingent

MLS PIN #73194881

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 171 Mechanic Street

Taxable ValueLand$56,400Additions$304,500Total$360,900
Tax Record2025$5,291 ($441 / month)
Home Facts
Total Finished SqFt6,384 SqFtAbove Grade Finished SqFt6,384 SqFtUnfinished Basement SqFt2,160 SqFtStories3Lot Size5,227 SqFtStyleOffice BuildingYear Built1900ZoningRBCountyWORCESTERAPNSBRI M:0036 B:0136 L:00001

Schools near 171 Mechanic Street

This home is within Southbridge School District.
Rating
School
Type
Grades
Distance
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 1
Rating
School
Distance
West Street School
Public2 to 5

Southbridge Middle School
Public6 to 8

Southbridge High School
Public9 to 12

Eastford Road School
PublicPK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Prof Associates, Cynthia Sowa Forgit

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.