$2,350,000
$2,800,000
16.1%For more information regarding the value of a property, please contact us for a free consultation.
751 Washington Street Auburn, MA 01501
4.8 Acres Lot
Key Details
Sold Price $2,350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72592078
Sold Date 04/21/20
Annual Tax Amount $13,803
Tax Year 2019
Lot Size 4.800 Acres
Acres 4.8
Property Description
Incredible Investment and Income Opportunity - 38 site mobile home park with pond views on a prime 4.8 acre lot. This park has been family owned and operated for 40+ years, is very well maintained and has always maintained close to 100% occupied. All trailers are park owned and have been updated over the years. There are 37 one–bedroom units and 1 two-bedroom unit. There is a brick two-family building at the front of the site that includes two of the rental units along with an onsite coin-op laundromat and a maintenance garage and office. High demand for affordable rentals in the area make this a great value add opportunity along with the possibility to add additional units. Offered at an attractive CAP rate of 7.63%.
Location
State MA
County Worcester
Zoning Res C
Direction Route 20 near intersection of I-395
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Bought with James Glickman • NAI Glickman Kovago & Jacobs