For Sale
$699,000

190 Centre StMiddleborough, MA 02346

Three-unit building, high occupancy, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional mixed-use property in downtown Middleborough, MA, presents a compelling investment opportunity. Located at 190 Center St, 02346, this three-unit apartment building sits on a 0.22-acre lot and boasts a 6.00% cap rate. The property is zoned B and features a three-story building with 100% occupancy. The first floor comprises a stunning two-bedroom owner's unit complete with hardwood floors, in-unit laundry, spacious bedrooms, and abundant natural light. The second floor offers five rooms, a kitchen, and a full bathroom, presenting significant potential for expansion into a townhouse-style unit within the unfinished third floor. An attached concrete block garage building provides an ideal space for a business, capitalizing on the thriving and walkable downtown area. This multi-faceted property is ideally suited for owner-occupants, investors, and business owners alike. Its prime location, steps from local amenities and 1.6 miles from the Middleborough/Lakeville MBTA Train Station, ensures strong rental demand and future appreciation. The asking price is $699,000, with a price per unit of $233,000. This is a Class C property offering a significant value-add opportunity for the discerning investor.

Highlights

  • Stunning two-bedroom owner's unit with hardwood floors, in-unit laundry, and ample natural light.
  • Five-room second-floor unit with kitchen and bath; unfinished third floor offers expansion potential.
  • Attached concrete block garage building ideal for business use.
  • Prime downtown Middleboro location, steps from amenities and 1.6 miles from the MBTA station.

Property Details for 190 Centre St

Property type
Apartment buildings
Class
C
Buildings
1
Stories
3
Lot Size (sq. ft)
9,583 SF
Units
3

Location Insight

City
Middleborough
County
Plymouth
State
Massachusetts
Latitude
41.8929167
Longitude
-70.9124717
190 Centre St, Middleborough, Massachusetts

FAQs

What type of property is this?
Apartment building - Three-unit building, high occupancy, value-add potential.
Where is the apartment building located?
The property is located at 190 Centre St Middleborough, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Stunning two-bedroom owner's unit with hardwood floors, in-unit laundry, and ample natural light.; Five-room second-floor unit with kitchen and bath; unfinished third floor offers expansion potential.; Attached concrete block garage building ideal for business use.
How can I contact the broker?
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190 Centre St
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