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31268244
31268245

66 Main St, Princeton, MA 01541

RC
MA 134301, CT 0754987 (+3)
United Multi Family Corporation
Listed by United Multi Family Corporation
$900,000
73 days on market
Updated 73 days ago

5 Units in Princeton MA

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 5,785
Units 5
Cap Rate 5.2%
NOI $46,769
Pro-Forma Cap Rate 6.28%
Pro-Forma NOI $56,556
Year Built 1860
Buildings 10
Stories 3
Acreage 0.960

Multifamily | 5 Units in Princeton MA

Marketing description

66 Main Street is a 5-unit multifamily property totaling approximately 5,785 SF of living space, situated on a 0.96 acre site in Princeton, MA. The property consists of one three-bedroom unit and four two-bedroom units within a wood-frame, clapboard-sided constructed in 1860. building originally The asset is positioned in a residential setting with access to nearby communities, approximately 16 miles north of Worcester and 8 miles west of Sterling, providing connectivity to regional employment and amenities. This property presents an opportunity for investors seeking a multifamily asset with existing rental income in a suburban market.

Investment highlights

This 5,785 SF multifamily property consists of 5 units, including 1 three-bedroom and 4 two-bedroom units, offering a functional unit mix for residential use. The property is situated on a 0.96-acre site, providing additional space for parking and outdoor use. Built in 1860, the asset features a historic wood-frame structure with traditional clapboard siding. Located in Princeton, the property benefits from a residential setting with access to Worcester and surrounding communities. The existing unit mix supports ongoing rental income, making it a practical multifamily investment opportunity.

Listing Contacts

RC
MA 134301, CT 0754987 (+3)
United Multi Family Corporation
Listed by United Multi Family Corporation

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$46,769.00
$3,897.42/mo

Valuation Metrics

0
DSCR
5.2%
Cap Rate
5.2%
ROI

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