318 Main Street

Southbridge, MA 01550

$699,000
Price
26
Beds
3
Baths
2
1/2 Baths
20,000 Sq. Ft.
$35 / Sq. Ft.
20,000
Sq. Ft.
$35
per Sq. Ft.

Description

Come check out this great investment opportunity 15 unit building in the heart of downtown Southbridge in need of renovations. Bring this great brick building back to life! 2 storefront units on first floor with additional 13 residential rental units above and behind. This building is located in an opportunity zone as well as being registered as a historical building! Take advantage of the historical tax credits and bring your vision to this wonderful building and make it shine again! This is a great...Come check out this great investment opportunity 15 unit building in the heart of downtown Southbridge in need of renovations. Bring this great brick building back to life! 2 storefront units on first floor with additional 13 residential rental units above and behind. This building is located in an opportunity zone as well as being registered as a historical building! Take advantage of the historical tax credits and bring your vision to this wonderful building and make it shine again! This is a great value to own in the downtown area of Southbridge which is currently undergoing a revitalization. Building is being sold "AS-IS"
  1. Listed by Brian Allen • Property Investors & Advisors, LLC

Property Details for 318 Main Street

Town
Southbridge
Area
MA-Southbridge
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 10/19/2024 03:05 AM

Property Details for 318 Main Street

StatusActive
MLS #73302138
Days on Market33
Taxes$6,077 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1867
CountyWorcester County

Building Information for 318 Main Street

Stories4Residences15Year Built1867Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 318 Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 20000.0
  • SqFt with Basement: No
  • Total Units: 15
  • Waterfront: No
  • Year Built Details: Under Construction
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 5.0
  • Num of Full Baths: 3
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Other
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: This is a development project projected 2 commercial spaces and 13 X 2 BR residential units,Buyer to apply for permits,GLA is estimated
Tax Information
  • Tax ID: M:0035 B:0039 L:00001,3977868
  • Assessments: $398,200
  • Book: 67143
  • Tax Year: 2024
  • Zoning: CC
Building / Association Information
Living Characteristics
  • Beds Total: 26
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Irregular
Income / Expenses
  • GOI: $44,496.00
  • NOI: $44,496.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,708.00

Property History for 318 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 318 Main Street

Taxable ValueLand$56,400Additions$341,800Total$398,200
Tax Record2024$6,077 ($506 / month)
Home Facts
Total Finished SqFt12,144 SqFtAbove Grade Finished SqFt12,144 SqFtUnfinished Basement SqFt3,000 SqFtStories3Lot Size7,405 SqFtStyleDepartment StoreYear Built1867ZoningCCCountyWORCESTERAPNSBRI M:0035 B:0039 L:00001

Schools near 318 Main Street

This home is within Southbridge School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
West Street
Public1 to 5

Southbridge Middle School
Public6 to 8

Southbridge High School
Public9 to 12

Charlton Street
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

318 Main Street is a multi-family home for sale in Southbridge, MA 01550. This property was listed for sale on October 15, 2024 by Property Investors & Advisors, LLC, it's currently listed at $699,000. It has been on the market for a total of 33 days and was last sold on April 21, 2006. This listing's school district is Southbridge School District. Nearby schools include West Street, Southbridge Middle School and Southbridge High School. 318 Main Street is a 26-bed, 4-bath, 20,000 sqft multi-family home built in 1867.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Property Investors & Advisors, LLC, Brian Allen

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.