$2,000,000 ($197.88 per sqft)

Est. Mortgage $9,593/mo *

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287 East Street, Ludlow, MA, 01056

287 East Street, Ludlow, MA, 01056
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24 rooms

14 beds

8 Full / 3 Half baths

1900

10,107 sqft

Exceptional 11-unit mixed-use investment property featuring a 3-storefront mixed-use building w/5 residential apartments above, a renovated Two-Family, and an updated Single-Family home all on one lot w/plenty of parking & great location. The mixed-use building offers newer roof (’21), updated façade/mechanicals, full basements, 3 store front units and 5 residential apartments w/long-term tenants. The Two-Family includes updated kitchens/baths, enclosed porches, separate utilities, newer roof (APO ±4 yrs), newer hot water tanks, and American Standard FHA gas units (’20/’21). The Single-Family features vinyl siding, updated roof, FHA gas heat (’18/’19), Rheem HW tank (’21), and updated kitchen/bath. Strong rental history with several recent upgrades across the units. Income-producing with upside—current NOI approx. $95K+/yr with stabilized potential around $119K+/yr per owner. Fantastic opportunity to own a turn-key, mixed-use cash-flow asset with proven performance and room to grow!

Status:

Active

Type:

Multi-family

Units:

11

Zoning:

BUS A

Heating:

Forced Air, Natural Gas

Cooling:

None

Basement:

Full, Interior Entry, Concrete, Unfinished

Levels:

4

Parking:

12-car, Paved Drive, Off Street, Paved

Acreage:

0.37

Est. Taxes:

$10,854

Assessment

$625,600

Construction

Frame

Utilities

Varies per Unit

Amenities:

Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School

MLS #:

73456912

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Kelley & Katzer Team, Kelley & Katzer Real Estate, LLC