85 North Main Street

Millbury, MA 01527

$606,000
Last Sold Price
8
Beds
3
Baths
4,515 Sq. Ft.
$134 / Sq. Ft.
4,515
Sq. Ft.
$134
per Sq. Ft.

Description

Updated and fully tenanted 3-family in great downtown Millbury location! Just minutes to Bars, Restaurants, Movie Theater, Shops, Grocery Stores and MAJOR HIGHWAYS! Short distance to Worcester and 45 minutes to Boston. This updated multi-family property currently has below-market rents with major upside potential. Do NOTHING! All units have long-term tenants on TAW. One unit could be vacated for new owner. Each unit is separately metered, has ample storage space and comes with multiple off-street...Updated and fully tenanted 3-family in great downtown Millbury location! Just minutes to Bars, Restaurants, Movie Theater, Shops, Grocery Stores and MAJOR HIGHWAYS! Short distance to Worcester and 45 minutes to Boston. This updated multi-family property currently has below-market rents with major upside potential. Do NOTHING! All units have long-term tenants on TAW. One unit could be vacated for new owner. Each unit is separately metered, has ample storage space and comes with multiple off-street parking spots. A dream property for owner-occupants or seasoned investors. ProForma attached. Showings begin on Sunday, please do not disrupt the current tenants. Pre-Approval or Proof of Funds is required to view the units. Showings on SUNDAY BY APPOINTMENT ONLY. Sellers will review any and all offers Monday at 2:00 PM.

Property Details for 85 North Main Street

Town
Millbury
Area
MA-Millbury
Style
Garden
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10

Location

Add your commute
LISTING UPDATED: 08/06/2022 07:54 AM

Property Details for 85 North Main Street

StatusSold
MLS #72952993
Days on Market19
Taxes$3,875 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyWorcester County

Location

Add your commute

Building Information for 85 North Main Street

Stories3Residences3Year Built1900Building Size-Lot Size0.33 AC / 14,500 SF

Payment Calculator

$3,630 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,307

Property Taxes

$323

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 85 North Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Current Financing: Cash
  • Living Area: 4515.0
  • Total Units: 3
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled
  • Waterfront: Yes
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Concrete Floor, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceFeatures: Unit 2(Fireplace - Wood burning)
  • FireplaceYN: Yes
  • Fireplaces: 0
  • Flooring: Tile, Vinyl, Carpet
  • Interior Features: Storage, Other (See Remarks), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom with Shower Stall, Bathroom With Tub, Open Floor Plan), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Mudroom), Unit 3 Rooms(Living Room
  • Interior Features: Other (See Remarks)
  • Laundry Features: Unit 1(Washer & Dryer Hookup)
  • Spa Features: Unit 3 Jacuzzi/Whirlpool Soaking Tub
  • SpaYN: Yes
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters, Garden, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Exterior Features: Garden Area, Porch, Deck, Patio
  • Lot Description: Cleared, Level
  • Patio And Porch Features: Porch, Deck, Patio
  • Roof Material: Shingle
  • View: Scenic View(s)
  • View: Yes
  • Waterfront Features: Waterfront, Stream, River
  • Waterview Features: River
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Shared Driveway, Off-Street, Assigned, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Shared Driveway, Off-Street, Assigned, Paved Driveway
  • Parking Features: Off-Street, Assigned, Paved Driveway
Utilities
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: All leases are Tenancy At Will. Property abuts Blackstone River,current owner does not pay flood insurance (they say it is not in flood plain,buyer must verify). Legal address in PR is 85 Main St.
Tax Information
  • Tax ID: M:045 B:0000027 L:
  • Assessments: $258,300
  • Book: 53772
  • Tax Year: 2022
  • Zoning: 1050
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Granite
Income / Expenses
  • Electricity: $448.00
  • Annual Expenses Source: Owner, Pro. Forma Available
  • GOI: $46,200.00
  • Insurance: $3,000.00
  • GRE: $10,401
  • RME: $1,400
  • NOI: $35,799.00
  • Operating Expense: $10,401.00
  • WSE: $1,782.00
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: 1
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,850.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 85 North Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 85 North Main Street

This home is within Millbury School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 6
Public - 7 to 12
Private - PK to 8
Rating
School
Distance
Elmwood Street
PublicPK to 3

Raymond E. Shaw Elementary School
Public4 to 6

Millbury Junior/Senior High School
Public7 to 12

Assumption School
PrivatePK to 8

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 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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

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.