SOLD: 6 Unit Multi-Family
Dudley, MA
The Opportunity
Tremendous potential awaits with this soon-to-be 6-unit building, offered at <40% of ARV, just off Main St. in Dudley, MA. Finish what the seller started, converting the 4-unit property into 6 1 bedroom/1 bathrooms, a rare and highly sought-after layout for the area. The building is zoned for 4-8 units, is 1/3 occupied, and is 1/3 gutted, so that you can begin work on day 1. This property features off-street parking, is a convenient 25-minute drive to Worcester, a 7-minute drive to Nichols College, and is walking distance to local bars and restaurants. This is a massive opportunity for someone looking to max out a property's profit potential. The property is being sold "as is", with an ARV of $850k-$950K.
Highlights:
Conversion from 4 to 6 1bedroom/1bathroom units already started – 2 fully gutted
2 units are currently occupied
Building is zoned for 4-8 units
Offered at <40% of ARV
Off-street parking
Walking distance to local bars and restaurants on Main Street
25-minutes to Worcester and 7-minutes to Nichols College
Location
This property is located close to Webster in Dudley, MA. It is a 25-minute drive to Worcester and 7-minutes to Nichols College. Within minutes from 395 and near the border of Connecticut.
Details
Purchase Price: $352,500
ARV: $850K-$950K
Offered at <40% of ARV
Give us a call for more details…