50 Fairlawn Ave, Southbridge, MA 01550
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$490,000
3 Unit
9 Beds
3 Baths
2352 SQFT
0.29 Acre

Property Description

This Multi family located at 50 Fairlawn Ave, Southbridge, MA 6 cars off street parking and addition yard on the side of the building on a generous 12632 square feet total lot. This property is fully occupied for instant income. The kitchen provides a welcoming space, with cabinets that blend functionality with a touch of the design. The current landlord has heat included in the rent because there is only one heating system in the building. The property is located at the end of a dead end street with no traffic. All the windows on the property are replacement windows. Public records has the proeprty as two bedrooms on each floor however the proeprty is being used as a three bedroom. The property is located on a double lot. Showing begins at open house on Saturday.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub, Bathroom With Tub & Shower, Pantry, Programmable Thermostat, Storage, Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Gas, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated
  • Gross Operating Income: 57600
  • Gross Expenses: 12500
  • Electric Expenses: 500
  • Water/Sewer: 4500
  • Repairs & Maintenance: 2000
  • Net Operating Income: 45100

Utilities

  • Heat Zones: 1
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows, Prog. Thermostat, Storm Windows
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: South

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Other (See Remarks)
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Laminate, Tile, Vinyl
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73415390
  • Last Updated: 08/23/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/23/2025Contingent$490,000$208MLSPIN
08/11/2025Active$490,000$208MLSPIN
08/07/2025New$490,000$208MLSPIN

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Seller's Representative: Olotu J. Wariebi, Property Investors & Advisors, 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 2025-08-23 14:07:00

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