Special offer

For Sale: 2-Family Home in Southbridge, MA - $160,000

By
Mortgage and Lending with Central One Federal Credit Union NMLS #2136196

For Sale:  2-Family Home in Southbridge, MA - $160,000

367 South Street Front of House

Don't miss this property with fantastic investment potential at 367 South Street, Southbridge, MA!  This property is close to the many shops and  restaurants in town, as well as town hall, library, post office, and medical facilities.

This property, built in 1900, features two units.  Each unit has 2 bedrooms and 1 full bath,  spacious rooms, and laundry hook-ups. 

Unit 1 is the larger of the two units.  Highlights include:

  • updated kitchen packed with cabinets
  • ceramic tile floors
  • range, dishwasher, garbage disposal
  • large closets in both bedrooms
  • 3 additional rooms for flexible living space
  • 4 wall air conditioner units
  • access to basement

Unit 2, while smaller, features:

  • eat-in kitchen with range
  • separate entrance
  • access to walk-up attic storage

367 South Street Kitchen367 South Street Living Room367 South Street Bedroom

This home is located on a corner lot with a level side yard and mature plantings.  There is plenty of off-street parking in the 2-car garage and paved driveway.  The electric service has been updated to provide separate electric service to each unit.  The heating system is shared, with thermostat control in Unit 1.

 367 South Street Electric meters367 South Street Electric garage

Currently, Unit 2 is rented for $550 per month. Market rent for Unit 1 is estimated (but not guaranteed) to be around $700 per month. Rent the garage spaces for additional income.

This property represents a fine investment opportunity, whether you want to live in one unit and rent the other, or rent both units and the garage spaces.  Be aware that this is a short sale, and 3rd party approval of buyers will be required.  367 South Street, Southbridge, MA, is being sold in as-is condition.

For a showing of this home, contact

Kathryn Acciari

at RE/MAX Professional Associates, (508) 982-0686.

 

 

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Text and photos copyright Kathryn J. Acciari unless otherwise noted. 
All rights reserved.

 

 

 

Sturbridge & Central MA Real Estate and More

 

 

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Kathryn Acciari, Mortgage Loan Originator
Cell: (508) 982-0686   
Email:
kacciari@archomeloans.com

Blog: Kathryn's Blog
Twitter: @kacciari

Kathleen Cooper
Kathleen Cooper, Sposato Realty Group - Worcester, MA
Sposato Realty Group - Broker Owner

Looks like a beautiful property!  I will keep it in mind in case I know anyone looking for something like this.  Good luck on a fast sale!

Sincerely,

Kathleen

Aug 31, 2009 02:14 PM
Kathryn Acciari
Central One Federal Credit Union - Shrewsbury, MA
Mortgage Loan Originator

Thank you, Kathleen.

Aug 31, 2009 11:04 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Two family homes are such a smart idea.  They pay for themselves over the years.

Sep 01, 2009 01:46 AM
Kathryn Acciari
Central One Federal Credit Union - Shrewsbury, MA
Mortgage Loan Originator

Jim:  You are so right.  Great first choice for a home, or for a first investment.

Sep 02, 2009 11:53 AM