We are pleased to offer for sale The MacDonald Hotel Rooming House, situated in the heart of downtown Marlborough at 270 Main Street. This recently upgraded 44-unit property includes a mix of 4 street-level retail/office spaces, 37 rooming-house units, one studio, & two one-bedroom apartments. The property has maintained a very low vacancy rate for many years & has the potential to increase the Net Operating Income.The MacDonald Hotel offers an on-site coin-operated laundry, keyless fob door, & sprinkler system among its amenities. It is within walking distance of restaurants and shops. The City of Marlborough offers free overnight parking behind the building. Interested parties may receive additional data & may walk the property via appointment.
270 Main Street, Marlborough, MA, 01752
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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