Active
2 Days on market
2 Hill St Southbridge — Photo 1 of 15

2 Hill St Southbridge — Photo 1 of 15

$1,159,000

Investment Analysis — 2 Hill St

Southbridge, MA 01550

Based on rent reported on the MLS listing, a 8-unit multi-family in 01550 carries $11,150/mo in gross rent — about a 8.25% cap rate and $95,560/yr in estimated NOI at the $1,159,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

16

Baths

8

SqFt

3,260

Style

5-9 Family

Built

1900

PORTFOLIO OPPORTUNITY – 2 HILL ST & 6 HILL ST, SOUTHBRIDGE ARE BEING SOLD TOGETHER AS A PACKAGE ONLY AND WILL NOT BE SOLD SEPARATELY.** Excellent opportunity to acquire two neighboring 4-family properties for a total of 8 residential units, each consisting of 2 bedrooms. Strong rental history with additional upside as rents continue to move toward market levels. Tenants pay their **own gas heat and electricity**, helping keep owner-paid utilities low. Both properties feature high-efficiency gas heating systems and separately metered electric.Additional income potential includes **garage bays rented separately** and **coin-operated laundry**. The properties offer excellent off-street parking and a large parking area. Convenient Southbridge location with a long-established rental history.All residential units are tenant occupied except for any vacancy specifically disclosed at the time of showing. **2 Hill Street and 6 Hill Street are being offered exclusively as one portfolio transaction. Seller will NOT consider selling either property individually.** Properties are being sold **AS-IS**. Tenants' personal belongings are not included in the sale. Buyer and buyer's agent to perform their own due diligence and independently verify all property information, rents, expenses, measurements, systems, and financial information.**SHOWINGS/OPEN HOUSES ONLY . OFFERS MUST INCLUDE BOTH PROPERTIES. PACKAGE SALE ONLY — NO EXCEPTIONS.**

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,159,000
Annual Taxes$6,128

Parking

Garage8
Off-Street20

Interior Specifications

Total Rooms40
FireplacesNone
FlooringWood
BasementFull, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR2

Property & Lot

Acres0.29
SqFt Lot12,632
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Medical Facility • House of Worship • Public School

Geography

Listing Provided By

Listing Agent: Sergio Froes Oliveira

Listing Office: Settlers Realty Group, LLC

MLS® Number: 73576154