55 Pleasant St, Marlborough, MA 01752
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$2,300,000
13 Unit
25 Beds
13 Baths
12898 SQFT
0.38 Acre

Property Description

The 13 unit multi-family portfolio in Marlborough MA provides a unique value add investment opportunity. The portfolio consists of three separate structures with a common parking area of 21 spaces. The current ownership recently renovated 2 Pleasant Place, which gives a roadmap for a new owner to follow to achieve increased rental income on the rest of the units. Projected proforma gross rental income of $429,600 after renovations.See projected income numbers as well as some historical expense numbers and virtual tour link on attached brochure.Group showing Friday December 13 at 12noon. Must be registered with listing agent.Offers due by 5pm on Wednesday December 18.

Property Details tap to expand

Building Information

  • Total Units: 13
  • Total Floors: 3
  • Total Bedrooms: 25
  • Total Full Baths: 13

Financial

  • APOD Available: No
  • Gross Operating Income: 62400
  • Net Operating Income: 62400

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73318697
  • Last Updated: 12/17/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/13/2024Active$2,300,000$178MLSPIN
12/09/2024New$2,300,000$178MLSPIN

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Seller's Representative: Joel Aho, Aho Properties, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-17 11:36:00