Weatherheads Apartments is a well-maintained 30-unit, 3-building investment property on 2.733 acres along Route 2. The property features 8 one-bedrooms, 18 two-bedrooms, 2 studios, and two 4-bedroom units, plus plenty of parking, two coin-op laundry rooms, and an in-ground pool (currently not in use). With a solid rental history, an 8.21% cap rate, and clear upside for continued rent growth, this is a strong long-term hold in an accessible, commuter-friendly location. Additional details available upon request. Part of a 76-unit portfolio.
On a typical day, over 12,000 vehicles pass this prime commercial location with 200 feet of frontage right on busy Route 2 in low-tax Erving. Over 12,000 drivers see the big sign and plentiful parking. They can't miss the 115x10 covered porch and landmark 112x30 sturdy timber frame building. Now used as a well-known retail shop for antiques and collectables plus a popular cafe with a commercial kitchen, the building offers over 3,400 square feet of ground floor space and a second level that could be converted to living space. The café gained widespread recognition when it was featured in the America's Test Kitchen TV show and magazine. Looking for even more space? A separate 30x12 building with 30x6 covered porch is now used for a statuary. You can keep the existing uses (seller will include most retail stock and kitchen equipment at no extra cost) or create your own opportunity at the best business location for miles around.
Erving is located in Massachusetts. Erving, Massachusetts has a population of 1,697. Erving is more family-centric than the surrounding county with 34.35% of the households containing married families with children. The county average for households married with children is 23.54%.
The median household income in Erving, Massachusetts is $66,319. The median household income for the surrounding county is $64,949 compared to the national median of $69,021. The median age of people living in Erving is 43 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 10.4 degrees. The average rainfall is approximately 48.9 inches per year, with 52.9 inches of snow per year.
