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$1,485,000

Est. payment - /mo

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13 Beds

4 Baths

7,830 SqFt

New

44 South Street Westborough, MA 01581

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Tara Wilstein

tara@wilsteinbradshaw.com +1(617) 510-7098

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,830 sqft

Price per Sqft $189

MLS Listing ID 73464464

Bedrooms 13

Full Baths 3

Half Baths 2

Year Built 1912

Annual Tax Amount $12,472

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type 5-9 Family

Property Description

This 14-unit mixed-use property delivers strong, predictable cash flow through a proven modern co-living model. The asset includes a NNN-leased restaurant, one full studio apartment, and 12 furnished rooms (beds, smart TVs, and refrigerators).The property has been fully renovated, including new electrical and plumbing systems, siding and windows, four new HVAC systems, sprinkler and fire alarm systems, flooring, lighting, carpentry, and insulation. Annual gross revenue exceeds $200k with actual operating expenses of approximately $55k for self-managed operator. Plus Coin-Op laundry income and other value-add still remains. The property was redesigned and branded to attract higher-quality residents, offering free internet and cable, heating and A/C, parking, and professionally maintained common areas, resulting in lower turnover. Ownership says key is in rigorous tenant screening, thus a required three months paid upfront reduces vacancy and risk. Seller willing to remain as consultant

Location

State MA

County Worcester

Zoning BB

Direction Route 9 - take Milk St towards rotary. Then take South St off the rotary and its on your left

Rooms

Basement Full

Interior

Flooring Vinyl

Fireplaces Number 1

Exterior

Exterior Feature Rain Gutters

Community Features Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T-Station, Other

Roof Type Shingle,Slate

Total Parking Spaces 7

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Lisboa Realty

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Tara Wilstein

Agent | License ID: 9075036

+1(617) 510-7098

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44 South Street Westborough, MA 01581

Tara Wilstein

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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44 South Street