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56 N Main St, Grafton, MA 01536

9 Bed, 5 Bath Multi-Family Home For Sale

56 N Main St, Grafton, MA 01536 House For Sale - MLS #72426704
Under Agreement
$525,000
9
5
Multi-Family
5+ Family
5

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Property Description for 56 N Main St, Grafton, MA 01536

5 Unit Investment Opportunity in North Grafton. Conveniently located near rt 140 and rt 30. Right off I-90 (MassPike), short distance away from Tufts Veterinary School, 10 minute drive to Worcester, 45 minutes to downtown Boston, plus the shops, post office and restaurants around the corner. Convenient to MBTA Commuter Rail. 4 out 5 units are rented with almost 44K in gross income. The 5th unit is owner occupied. Owner willing to do a lease back. Current rents are below market. Zoned Neighborhood Business. Coin operated washer/dryer in basement. Lots of updates and improvements made to the property since 2017. Selling with social media packages Yelp Reviews, Facebook page, and website page. Projected Rent Roll $70,000 - Projected Operating Expenses $13,200 - Projected NOI $57,200 - See attached PROJECTED income and expense breakdown.- **PLEASE ARRIVE 5-10 MIN EARLY** 1st showing Thurs Nov 29th @ 5pm. 2nd showing Sat Dec 1st @ 12pm

Interior Details

3,440 sq. ft.
$152.62/sq. ft.

Exterior Details

0.50 acres
21,780 sq. ft.
10

Other Details

72426704
1970

Units Description

Unit #1
Rooms: 5      Bedrooms: 3      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $1,133      Lease: Yes

Unit #2
Rooms: 3      Bedrooms: 1      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $855      Lease: Yes

Unit #3
Rooms: 3      Bedrooms: 1      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $680      Lease: Yes

Unit #4
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $950     

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Monthly Mortgage Payments

$2,385
$3,321

MBTA> Stations Stops

Grafton
1.47 miles
Westborough
3.75 miles
Worcester Union Station
4.78 miles

Town Description

Grafton is a community of about 13,000 located to the southeast of Worcester. Residents feel it is a unique community, because of the commitment of its citizens to civic needs and to the work of...

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