
Description
Great opportunity for a mixed use (apartments/retail) investment property in the charming city of Blackstone Mass.Just over the Rhode Island line requires a little TLC. Seller is motivated. Lets Talk.Property consists of a mostly masonry building situated on approximately 9,230 SF of land. Building consists of 12,702 SF with a 1 stall garage on an ell to the rear of the building.This property is mixed use consisting of 7 residential apartments with 3 first floor retail units.Property has updated heating systems 8 separate furnaces, 7 natural gas, 1 oil.Tenants are all Tenants At Will. Rents are, at owner' s admission, below market.Zoning is Class C Commercial. Property is serviced by both public water and sewers.Residential units consist of mostly 1 and 2 bedroom. One unit is large by area standards with 3 bedrooms, 2 baths, 1 stall garage and currently used for storage.Property offers significant growth opportunities for new owner. Further sub-division may be considered to produce additional income; current rents may be increased to market rates.Area consists of a mixed type of property. Most of the nearby buildings are residential, multi family. Property is located few minutes from both Route 122 and Route 146.
-
0BEDS
-
0.37ACRES
-
0BATHS
-
01/2 BATHS
-
3,000SQFT
-
$233$/SQFT
School Ratings & Info
Description
Great opportunity for a mixed use (apartments/retail) investment property in the charming city of Blackstone Mass.Just over the Rhode Island line requires a little TLC. Seller is motivated. Lets Talk.Property consists of a mostly masonry building situated on approximately 9,230 SF of land. Building consists of 12,702 SF with a 1 stall garage on an ell to the rear of the building.This property is mixed use consisting of 7 residential apartments with 3 first floor retail units.Property has updated heating systems 8 separate furnaces, 7 natural gas, 1 oil.Tenants are all Tenants At Will. Rents are, at owner' s admission, below market.Zoning is Class C Commercial. Property is serviced by both public water and sewers.Residential units consist of mostly 1 and 2 bedroom. One unit is large by area standards with 3 bedrooms, 2 baths, 1 stall garage and currently used for storage.Property offers significant growth opportunities for new owner. Further sub-division may be considered to produce additional income; current rents may be increased to market rates.Area consists of a mixed type of property. Most of the nearby buildings are residential, multi family. Property is located few minutes from both Route 122 and Route 146.

© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Dave T Team @ RE/MAX Central are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dave T Team @ RE/MAX Central. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-03-01T12:37:44.637.