3-6 Witherbee Terrace

Marlborough, MA 01752

$2,600,000
Price
19
Beds
11
Baths
8,190 Sq. Ft.
$317 / Sq. Ft.
8,190
Sq. Ft.
$317
per Sq. Ft.

Description

The Portfolio consists of four (4) adjacent two-story multi-family buildings and contains thirteen (13) units consisting of nine (9), Studio units, three (3) 2-Bedroom units and one (1) 4-Bedroom/2-Bathroom Single Family Home with 7,343 square feet of living area in 13,430 square feet of gross area on 0.38-acres of land zoned Neighborhood Business. This 13-unit multifamily portfolio is adjacent to the new Public Library Development & is situated in a private cul-de-sac. The Portfolio boasts an impressive...The Portfolio consists of four (4) adjacent two-story multi-family buildings and contains thirteen (13) units consisting of nine (9), Studio units, three (3) 2-Bedroom units and one (1) 4-Bedroom/2-Bathroom Single Family Home with 7,343 square feet of living area in 13,430 square feet of gross area on 0.38-acres of land zoned Neighborhood Business. This 13-unit multifamily portfolio is adjacent to the new Public Library Development & is situated in a private cul-de-sac. The Portfolio boasts an impressive in-place cash flow, presenting a unique opportunity for investors to acquire a high-performing asset with immediate cash flow. The opportunity exists to further unlock its potential by strategically renovating & programmatically upgrading the units in a desirable, high demand, supply constrained market. Each property in this portfolio is separately deeded, providing investors with the option to later sell each building to potential owner-occupants & maximize their return on investment.
  1. Listed by Dennis Kelleher • Horvath & Tremblay
  2. Listed by John Pentore • Horvath & Tremblay

Property Details for 3-6 Witherbee Terrace

Town
Marlborough
Area
MA-Marlborough
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Horvath & Tremblay, Dennis Kelleher; Horvath & Tremblay, John Pentore
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LISTING UPDATED: 03/29/2024 03:11 AM

Property Details for 3-6 Witherbee Terrace

StatusActive
MLS #73175356
Days on Market182
Taxes$15,105 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Side by Side
Year Built1925
CountyMiddlesex County

Location

Listing Courtesy of Horvath & Tremblay, Dennis Kelleher; Horvath & Tremblay, John Pentore
Add your commute

Building Information for 3-6 Witherbee Terrace

Stories5Residences13Year Built1925Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$15,448 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,189

Property Taxes

$1,259

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3-6 Witherbee Terrace

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 8190.0
  • SqFt with Basement: No
  • Total Units: 13
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer
  • Basement Features: Unfinished Basement
  • Num of Baths: 11.0
  • Num of Full Baths: 11
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 11.00
  • Bathrooms Total Integer: 11
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Laundry Room
  • SpaYN: No
Exterior Features
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Shared Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Shared Driveway
Utilities
  • Electric: Common, Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Assessments: $1,308,900
  • Book: 16699
  • Tax Year: 2023
  • Zoning: DD
Building / Association Information
Living Characteristics
  • Beds Total: 19
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • GOI: $279,384.00
  • GRE: $67,974
  • NOI: $211,410.00
  • Operating Expense: $67,974.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 2
Rental Info
Rental Info
  • Total Actual Rent: $23,282.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 3-6 Witherbee Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3-6 Witherbee Terrace

This home is within Marlborough School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Goodnow Brothers Elementary School
PublicK to 5

1 Lt Charles W. Whitcomb School
Public6 to 8

Marlborough High School
Public9 to 12

Richer Elementary School
PublicK to 5

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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3-6 Witherbee Terrace is a multi-family home for sale in Marlborough, MA 01752. This property was listed for sale on October 30, 2023 by Horvath & Tremblay, it's currently listed at $2,600,000. This listing's school district is Marlborough School District. Nearby schools include Goodnow Brothers Elementary School, 1 Lt Charles W. Whitcomb School and Marlborough High School. 3-6 Witherbee Terrace is a 19-bed, 11-bath, 8,190 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay, Dennis Kelleher; Horvath & Tremblay, John Pentore

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.