61-65 Broad St, Marlborough, MA 01752
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$3,995,000
16 Unit
27 Beds
19 Baths
10792 SQFT
0.37 Acre

Property Description

16-unit turnkey investment opportunity with off-street parking in downtown Marlborough! Ideally located just off of Main Street, this 100% occupied investment property has been completely renovated within the last 3 years: new plumbing and electrical, hardwood floors throughout, kitchens with stainless steel appliances/granite countertops/shaker cabinets, etc. This corner lot property consists of 3 separate buildings - 61 Broad St (10 units), 63 Broad St (2 units) and 65 Broad St (4 units). Don't miss this outstanding investment opportunity in growing Marlborough!

Property Details tap to expand

Building Information

  • Total Units: 16
  • Total Floors: 7
  • Total Bedrooms: 27
  • Total Full Baths: 19
  • Amenities: Highway Access, Park, Public Transportation, Shopping
  • Basement Features: Walk Out

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 319486
  • Gross Expenses: 89388
  • Electric Expenses: 9097
  • Water/Sewer: 10193
  • INSC: 12354
  • Repairs & Maintenance: 15000
  • RFS: 3978
  • Management Fee: 18240
  • Miscellaneous Expense: 1266
  • Net Operating Income: 230098

Utilities

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

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

  • Under Lease: Yes
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73339622
  • Last Updated: 03/04/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/04/2025Active$3,995,000$370MLSPIN
02/28/2025New$3,995,000$370MLSPIN

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Seller's Representative: Todd Carter, Valender Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-04 03:05:00