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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,632 sqft
Price per Sqft $328
MLS Listing ID 73248268
Sold Date 08/08/24
Bedrooms 11
Full Baths 7
Year Built 1965
Annual Tax Amount $12,682
Tax Year 2023
Lot Size 10,890 Sqft
Acres 0.25
Property Description
284-300 Main Street in Walpole, Massachusetts.The three-story building contains seven (7) residential units comprised of four (4), 2-Bedroom/1Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 5,632 square feet of living area in 10,880 square feet of total area on a 0.36-acre parcel of land. In-place rents are significantly below the current market rent for comparable units in the market, offering the Buyer the potential to raise rents and increase current revenue.The building also offers significant upside through the build-out of the third floor. Currently vacant and stripped to the floorboards and rafters, the third floor offers the opportunity to add additional residential units. There are plans in place to add additional units: up to four (4)1-Bedroom/1-Bathroom units or two (2), 2-Bedroom/1-Bathroom units.
Location
State MA
County Norfolk
Zoning B
Direction The Property benefits from commuter rail service on the MBTA’s Franklin/Foxboro Line.
Rooms
Basement Full
Interior
Interior Features Living Room, Kitchen, Dining Room
Heating Natural Gas
Cooling Central Air
Appliance Microwave, Refrigerator
Exterior
Community Features Public Transportation
Waterfront false
Parking Type Off Street
Total Parking Spaces 30
Garage No
Building
Lot Description Corner Lot
Story 6
Foundation Concrete Perimeter
Sewer Private Sewer
Water Public
Others
Senior Community false
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Bought with Spencer Smith • Horvath & Tremblay
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Mikel DeFrancesco
Broker Associate | License ID: 9090789
Broker Associate License ID: 9090789