16-unit turnkey investment opportunity with off-street parking in downtown Marlborough! Ideally located just off of Main Street, this 100% occupied investment property has been completely renovated within the last 3 years: new plumbing and electrical, hardwood floors throughout, kitchens with stainless steel appliances/granite countertops/shaker cabinets, etc. This corner lot property consists of 3 separate buildings - 61 Broad St (10 units), 63 Broad St (2 units) and 65 Broad St (4 units). Don't miss this outstanding investment opportunity in growing Marlborough!
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Last Updated: March 5th, 2025 at 6:53am
Gross Income: $83,700
Gross Expenses: $91,420
Net Income Calc: $-7,720
CAP Rate: -0.19%
Annual Expenses for 61-65 Broad St, Marlborough MA 01752
Total Gross Expenses (Calculated)$91,420/year
APOD AvailableYes
Heating$0
Electricity$9,097
Water$10,193
Gas$10,193
Insurance$12,354
Sewer$10,193
Trash Removal$3,978
Repair & Maintenance$15,000
Management$18,240
Miscellaneous$1,266
Real Estate Tax$21,292.67
Annual Income & Unit Breakdown for 61-65 Broad St, Marlborough MA 01752
Total Gross Income (Calculated)$83,700
Unit 1
Rental Income2000
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income1700
LeaseY
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income1750
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income1525
LeaseY
Bedrooms1
Bathrooms1 Full
Floor0
Levels in Unit1
HeatingNo
Rent Includes
General Information for 61-65 Broad St, Marlborough MA 01752
Listing ID73339622
Property TypeMulti Family / 5+ Family
Price$3,995,000 ($370.18/SqFt)
Style
CityMarlborough
CountyMiddlesex
MLS AreaEast Marlborough
Neighborhood(s)
Approximate Living Area Total10,792 SqFt
Approximate Lot Size (Acres)0.37 acres
Total Parking13
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsRenovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter,Stone
Accessible Features
Outdoor Space
ZoningRC
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 61-65 Broad St, Marlborough MA 01752
Disclosures for 61-65 Broad St, Marlborough MA 01752
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$89,388
Total Gross Income By Broker$319,486
Total Net Income By Broker$230,098
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation1%
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 61-65 Broad St, Marlborough MA 01752
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaEast Marlborough
Area AmenitiesHighway Access, Shopping, Park, Public Transportation
Contact Information for 61-65 Broad St, Marlborough MA 01752