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33919578
33919577

241 Main St, Townsend, MA 29582

RC
MA 134301, CT 0754987 (+3)
United Multi Family Corporation
Listed by United Multi Family Corporation
$1,400,000
8 days on market
Updated 8 days ago

10 Units in Townsend MA

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 12,000
Units 10
Cap Rate 6.90%
NOI $96,577
Tenancy Multi
Year Built 2024
Buildings 1
Acreage 0.550
Parking Spaces 34 spaces
Parking per 1,000 SqFt 2.83
Ground Lease No

Mixed Use | 6.90% CAP | 12,000 SqFt

Marketing description

Property Description

This mixed-use property in Townsend, MA consists of 10 total units, including 6 residential units (4 two-bedroom and 2 one-bedroom) and 4 commercial spaces, offering a combination of residential and commercial income. The 12,000 SF building is fully sprinklered and includes elevator access to all floors, supporting tenant accessibility and building safety.

The residential units were constructed in 2024 and feature mini-split heating and cooling systems in each unit. Additional property features include on-site off-street parking and a shared laundry facility, providing convenience for both residential and commercial tenants. The property's central location within Townsend supports access to local amenities and services, making it a functional mixed-use investment opportunity.

Location Description

241 Main Street is a multifamily investment opportunity located in Townsend, a scenic and predominantly residential community in northern Middlesex County near the New Hampshire border. Situated along Main Street, the property benefits from convenient access to local amenities, community services, and regional transportation routes while maintaining the small-town character that attracts long-term residents. Townsend is known for its rural charm, strong sense of community, and attractive natural surroundings. The town offers residents access to parks, conservation areas, and recreational opportunities while remaining connected to larger employment centers throughout the Nashua, Lowell, and Greater Boston metropolitan areas. Its location provides a balance between suburban convenience and a quieter residential lifestyle, supporting steady demand for rental housing. The surrounding neighborhood consists primarily of residential properties, local businesses, schools, and municipal services, creating a stable environment with broad tenant appeal. Proximity to Route 119 and Route 13 allows residents to access nearby communities and employment hubs throughout North Central Massachusetts and Southern New Hampshire, further enhancing the property's accessibility and marketability. Overall, 241 Main Street presents an opportunity for investors seeking a multifamily asset in a stable suburbanrural market with consistent residential demand, strong community fundamentals, and long-term appreciation potential supported by its strategic location within the northern Middlesex County region.

Investment highlights

•12,000 SF Mixed-Use Building / 10 Units: Comprised of 6 residential units and 4 commercial spaces, offering diversified income streams.

•New Residential Construction (2024): Updated units with modern systems, including mini-split heating and cooling.

•Unit Mix: 4 two-bedroom units, 2 one-bedroom units, and 4 Commercial Spaces

•Fully Sprinklered Building: Supports safety and code compliance.

•Elevator Access: Serves all floors, providing accessibility for tenants.

•On-Site Parking & Laundry: Off-street parking and shared laundry facility add tenant convenience. •Central Townsend Location: Positioned in the town center with access to local amenities and services.

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
$96,576.50
$8,048.04/mo

Valuation Metrics

0
DSCR
6.9%
Cap Rate
6.9%
ROI

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