RARE OPPORTUNITY!! CASH COW!! 25 TOTAL UNITS!! TWO FULLY LICENSED LODGING HOUSES FOR SALE TOTALING 25 UNITS IN A TOP FRAMINGHAM LOCATION PRICED TO SELL!! THESE BUILDINGS OFFER A VERY STRONG RENTAL HISTORY WITH A WAITING LIST TO GET A ROOM!! 23 PRIVATE ROOMS WITH SHARED KITCHENS AND BATHS & 2 STUDIO APARTMENTS WITH PRIVATE KITCHENS AND BATHS!! MANY RECENT UPDATES INCLUDING: HEATING SYSTEMS, ROOF, ELECTRICAL & MORE!! GROSS INCOME OF $165,720 WITH EXPENSES OF $62,067 AND AN NOI OF $99,666!! THE NUMBERS WORK WITH A GREAT CAP RATE OF 10% AND AN ESTIMATED RETURN OF INVESTMENT OF 23% CASH/CASH!!! ASKING PRICE IS JUST UNDER $40K/UNIT!! THESE ATTRACTIVE BUILDINGS OFFER PLENTY OF OFF-STREET PARKING, FULL SPRINKLER SYSTEMS, COIN-OP LAUNDRY AND HIGHLY DESIRABLE ROOMS NEAR TOWN CENTER, ROUTES 9 & 135, AMTRACK & THE METROWEST MEDICAL CENTER!! DON'T MISS THIS WONDERFUL INVESTMENT OPPORTUNITY!! TONS OF INCOME UPSIDE AND/OR FUTURE REDEVELOPMENT POTENTIAL FOR THIS PROPERTY. DON'T MISS OUT!!!!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
