40 Sturbridge Rd

5,239 Sq. Ft.
$153 / Sq. Ft.
5,239
Sq. Ft.
$153
per Sq. Ft.

Description

Presenting this turnkey 6 unit income producing asset located in Charlton, MA just off of Route 20. The building features 4 - three bed/one bath units, 1 - two bed/one bath unit and 1 - one bed/one bath unit. The building has been well maintained and managed with 6 newly installed water heaters, 4 being tankless, furnace use was removed to avoid future expenses and new gutters installed. CapEx has been addressed. Both structure and units are in great condition. 40 Sturbridge Rd presents an extremely...Presenting this turnkey 6 unit income producing asset located in Charlton, MA just off of Route 20. The building features 4 - three bed/one bath units, 1 - two bed/one bath unit and 1 - one bed/one bath unit. The building has been well maintained and managed with 6 newly installed water heaters, 4 being tankless, furnace use was removed to avoid future expenses and new gutters installed. CapEx has been addressed. Both structure and units are in great condition. 40 Sturbridge Rd presents an extremely strong rent roll at purchase. Current NOI is nearly $70,000 with the ability for rental increases bringing proforma NOI to $96,000.
  1. Listed by Benjamin Carbone • Byrnes Real Estate Group LLC

Property Details for 40 Sturbridge Road

Town
Charlton
Area
MA-Charlton
Garage Spaces
0
Open Parking Spaces
10.00
Parking Spaces Total
10
LISTING CLOSED: 04/26/2024 12:00 AM

Property Details for 40 Sturbridge Road

StatusSold
MLS #73203378
Days on Market4
Taxes$7,727 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1880
CountyWorcester County

Location

Listing Courtesy of Byrnes Real Estate Group LLC, Benjamin Carbone

Sold By Byrnes Real Estate Group LLC, Benjamin Carbone

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Building Information for 40 Sturbridge Road

Stories9Residences6Year Built1880Building Size-Lot Size1.27 AC / 55,260 SF

Payment Calculator

$4,710 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,066

Property Taxes

$644

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Sturbridge Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 5239.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Sump Pump
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Level
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Heating: Electric, Propane
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Private
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: 6 new water heaters. 4 tankless and on the walls (this winter)• Took out furnace use,to avoid future expenses• New gutters • 3/6 units have been renovated since purchased in 2020
Tax Information
  • Tax ID: M:0027 B:000C L:0000010,1478862
  • Assessments: $681,400
  • Book: 64345
  • Tax Year: 2024
  • Zoning: R40
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $360.00
  • Annual Expenses Source: Owner
  • GOI: $90,216.00
  • Insurance: $6,000.00
  • GRE: $19,359
  • NOI: $70,857.00
  • Operating Expense: $19,359.00
  • WSE: $4,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 0
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
Rental Info
Rental Info
  • Total Actual Rent: $7,518.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 40 Sturbridge Road

DateEvent & SourcePriceAppreciation
Apr 26, 2024

Sold

MLS PIN #73203378

$800,000
Feb 25, 2024

Under Agreement

MLS PIN #73203378

Feb 25, 2024

Contingent

MLS PIN #73203378

DateEvent & SourcePrice
04/26/2024

Sold

MLS PIN #73203378

$800,000
02/25/2024

Under Agreement

MLS PIN #73203378

02/25/2024

Contingent

MLS PIN #73203378

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

Public Records for 40 Sturbridge Road

Taxable ValueLand$108,800Additions$645,600Total$754,400
Tax Record2025$8,396 ($700 / month)
Home Facts
Baths6Total Finished SqFt5,239 SqFtAbove Grade Finished SqFt5,239 SqFtUnfinished Basement SqFt2,278 SqFtStories2Lot Size55,260 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningR40CountyWORCESTERAPNCHRL M:0027 B:000C L:0000010

Schools near 40 Sturbridge Road

This home is within Dudley-Charlton Reg School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 5 to 8
Public - 9 to 12
Public - 2 to 4
Rating
School
Distance
Charlton Elementary School
PublicPK to 1

Charlton Middle School
Public5 to 8

Shepherd Hill Regional High School
Public9 to 12

Heritage School
Public2 to 4

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Byrnes Real Estate Group LLC, Benjamin Carbone

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.