Auburn, MA 01501,751 Washington Street
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Auburn, MA 01501,751 Washington Street
Auburn, MA 01501,751 Washington Street
Auburn, MA 01501,751 Washington Street
Auburn, MA 01501,751 Washington Street

$2,350,000

Est. payment /mo

$2,800,000

16.1%
Est.Price: ?

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751 Washington Street Auburn, MA 01501

4.8 Acres Lot

SOLD DATE : 04/21/2020

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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Listed by NAI Glickman Kovago & Jacobs
Bought with James Glickman • NAI Glickman Kovago & Jacobs
agent

Colleen Foulsham

Broker

+1(857) 939-0144

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